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U.K. Inflation Falls for Second Month, Following Global Move
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The U.K.’s annual rate of inflation fell for a second straight month in December, the latest sign that the global surge in consumer prices that began in early 2021 is slowing.
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. The core rate of inflation was unchanged at 6.3%, while prices of food and beverages rose at the fastest pace since September 1977.
Read more on wsj.comAbout this in other media
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
IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens wsj.com /1 year ago
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