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It said stubbornly high inflation in the crucial services sector, which accounts for around 80% of the U.K. economy, and an increase in fuel prices was largely behind the overall increase.
The Office for National Statistics said that inflation dropped to 3.9% in the year to November, its lowest level since September 2021, from 4.6% the previous month. That decline was bigger than ...
It marks the lowest rate since February last year. Analysts had predicted inflation to accelerate last month to a reading of 7.1 per cent due to a sharp rise in motor fuel amid a rebound in oil ...
The UK was reported to be among the worst affected among the world's advanced economies. In 2021, the UK's inflation was less than that of the US, but high US inflation was not generally experienced as a cost-of-living crisis due to the stimulus cheques that had been distributed to American households. [8]
Earlier this month, the bank decreased its main interest rate by a quarter of a percentage point to 4.75% — the second in three months — after inflation fell to its lowest level since April 2021.
In Brazil, inflation hit its highest rate since 2003 — prices rose 10.74% in November 2021 compared to November 2020. Economists predicted that inflation has peaked and that the economy may be headed for recession, in part due to aggressive interest rate increases by the central bank.
The UK inflation rate has gone up for the second month in a row, with prices rising at their fastest pace since March. ... Inflation had fallen to 1.7% in September this year - its lowest level ...
In early May: data firm Builders' Conference said construction tender opportunities fell from a monthly average of 664 projects in the 12 months to March 2020 to 220 in April 2020, with 217 available until July; [32] the IHS Markit/CIPS UK Construction Total Activity Index reported the steepest decline in UK construction output since the survey ...