UK inflation has remained unchanged at 1.5%, ahead of the Bank of England’s Monetary Policy Committee (MPC) meeting tomorrow (19 December).
This figure sits far below the Bank of England's 2% inflation target, while the core measure (excluding food, alcohol, tobacco and energy) also remained unchanged, at 1.7%. House price growth fell to its lowest rate since 2012 but remained one of the largest contributors to the 12-month inflation rate, along with water, electricity, gas and other fuels (0.36%), the November figures from the Office for National Statistics (ONS) show. In October, UK inflation fell to a three-year low as the prices of electricity, gas and fuels were kept low by the energy cap. Federal Reserve: Interest r...
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