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Consumer prices in the UK rose in November at the lowest rate since March 2017. As shown by the data from the Office for National Statistics, their growth compared with November of last year was 2.3%, confirming analysts' forecasts. In October, inflation was at 2.4%. Compared with October, consumer prices increased by 0.2%, which is also in line with forecasts. The increase in the base rate by the Bank of England in August contributed to a slowdown in inflation, which since January last year has exceeded the target level of the British Central Bank by 2%. Excluding the price of food, alcohol and tobacco products, consumer prices rose by 1.8% in annual terms at a slower pace than growth by 1.9% in October.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
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