LONDON—Consumer prices in the United Kingdom are rising at their highest rate in over a decade as a result of soaring energy costs and blockages in the supply chain, official figures showed Wednesday, a day before a highly anticipated interest rate decision from the Bank of England. The Office for National Statistics found that inflation rose by 5.1 percent in the year to November, up dramatically from October’s 4.2 percent with widespread surging prices across a raft of goods and services, including for fuel, energy, cars, clothing, and food. The increase was more than the 4.8 percent consensus of economists’ forecasts and takes inflation to its highest level since September 2011. Around the world, countries are recording multiyear high levels of inflation. The United States saw its inflation rate spike to 6.8 percent in the year to November, the highest level in nearly 40 years. In the 19 countries that …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta