Inflation

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UK retailers suffer as consumers feel the pinch

Britain’s biggest retailer Tesco tops a slew of Christmas trading snapshots from the UK high street, with a report that misses forecasts, while flagship department store John Lewis warns of ‘volatile’ conditions ahead. Ivor...

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UK economy: slimming down after lean Xmas?

British shoppers tightened their belts over Christmas, leading to the first year-on-year fall in spending since 2012, and leading businesses aim to do the same over 2018, according to two major surveys. As Ivor...

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Euro zone: new data, old dilemma for ECB

Inflation in the euro zone slowed in December, vindicating the European Central Bank’s decision to keep its policy easy despite growing pressure from Germany and other richer euro zone countries. Even so, as David...

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Rising gas, tortilla prices unnerve Mexicans

Mexico’s government denounced price hike forecasts for gasoline and tortillas, saying the increases are unjustified. As Fred Katayama reports, this comes protest threats ahead of the presidential election in July. Rising gas, tortilla prices...

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New year, little cheer for Brexit Britain

The festive season seems to have come to an abrupt halt in Britain, where a number of surveys point to a deteriorating outlook amid growing uncertainty over Brexit. Ivor Bennett reports. New year, little...

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UK: BoE on hold as consumers get gloomier

Last week’s breakthrough in Brexit talks may boost economic confidence, the Bank of England said on Thursday after it left interest rates unchanged. But as David Pollard reports, a bumper set of retail sales...

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UK inflation hits highest in nearly six years

British inflation unexpectedly rose to its highest level in nearly six years in November, tightening the post-Brexit vote squeeze on households whose spending is the main driver of the country’s economy. David Pollard reports....