Tuesday December 1, 2020

British inflation slows unexpectedly in December

British inflation unexpectedly slowed in December, cooling to the Bank of England’s 2 per cent target for the first time in more than four years.

14th January, 2014
The Bank of England won’t consider increasing the key rate from 0.5 per cent until unemployment falls to 7 per cent.

British inflation unexpectedly slowed in December, cooling to the Bank of England’s 2 per cent target for the first time in more than four years.

Consumer-price growth eased from 2.1 per cent in November, the Office for National Statistics said today in London. Analysts had expected it to remain unchanged. Downward pressure from food prices including fruit and meat offset an upward effect from electricity, gas and petrol costs.

Cooling inflation may allow BOE Governor...

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