Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise pay
The UK inflation rate declined to 10.7% in November as the momentum behind the rising cost of food and energy began to ease amid growing fears of a long recession.
A drop in the consumer prices index (CPI) figure was slight bigger than expected by most City analysts, who forecast the annual rate of price rises would slide to 10.9% last month, from 11.1% in October.
Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise payThe UK inflation rate declined to 10.7% in November as the momentum behind the rising cost of food and energy began to ease amid growing fears of a long recession.A drop in the consumer prices index (CPI) figure was slight bigger than expected by most City analysts, who forecast the annual rate of price rises would slide to 10.9% last month, from 11.1% in October. Continue reading…
