Food prices in Britain rose by 16.5%, the biggest increase since 1977.
As a result of November, UK consumer prices rose by 10.7% in annual terms. This is evidenced by the data of the National Statistical Office (ONS) of the country, which was released on Wednesday, December 14.
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Thus, inflation slowed from 11.1% in October, which was the highest in 41 years.
The weakening of inflation in Britain was mainly due to a less significant increase in the cost of automotive fuel (by 17.2% against 22.2% in October), while the increase in prices in restaurants and hotels reached a record 10.2% (a month earlier – 9 .6%), notes the ONS. Food prices rose 16.5%, the largest increase since 1977.
The growth of consumer prices in the country in November compared to the previous month reached 0.4% after a jump of 2% in October.
Prices excluding food, alcohol, tobacco and energy (core inflation, CPI Core) rose 6.3% yoy and 0.3% mom in November. In October, the increase in these indicators reached 6.5% and 0.7%, respectively.
Remember that in November the Bank of England raised the rate to the maximum in 33 years – up to 3% per annum. This happened for the eighth time in a row.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.