Consumer inflation in the UK slowed to 2.4% in September from 2.7% in August, ONS reported. Economists had expected inflation at 2.6%. Compared to the previous month, consumer prices increased by 0.1% after rising 0.7% in August. The forecast of experts assumed a rise in prices by 0.2%. The Bank of England raised the base rate in August to ease inflation, which exceeds its target level of 2%. Compared with August, food and non-alcoholic beverages are cheaper by 0.2%. The cost of transport services decreased by 1.8%. Rising prices for clothes and shoes amounted to 3.1%, for educational services – 1%. Without energy, food, alcohol and tobacco, prices rose by 1.9%.
Oil prices ease on weekly gain as hopes for OPEC+ emergency meeting fades17.02.2020
Indonesia posts larger than expected trade deficit as declining export prices affects trade27.01.2020
Oil prices suffer further as China virus contagion worsens27.01.2020
Copper prices plummet as concerns over China virus intensifies