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U.K. Inflation Falls for Second Month but Food Prices Soar
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The U.K.’s annual rate of inflation fell for a second straight month in December, but food prices rose at the fastest pace in more than four decades, part of a global trend that threatens many households around the world with further hardship this year.
Consumer prices in the U.K. were 10.5% higher than a year earlier, a slower rate of inflation than the 10.7% recorded in November as gasoline prices cooled, the Office for National Statistics said Wednesday.
Read more on wsj.comAbout this in other media
IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens wsj.com /1 year ago
Eurozone Inflation Eases for Third Month as ECB Rate Rises Bite wsj.com /1 year ago
Eurozone Inflation Eases for Third Month as ECB Rate Rises Bite wsj.com /1 year ago
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