UK inflation rises to 2.6% in November, in line with expectations

UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.

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UK inflation increase solidifies expectations interest rates will be kept on hold

Inflation in the U.K. has risen to its highest level since March
ABC News - 53m
Why are prices rising in the UK?

The rate at which prices are rising remains higher than the Bank of England's 2% inflation target.
BBC News - 1h
UK inflation rises to 2.6% in November

Figure cements expectations Bank of England will hold interest rates steady on Thursday
Financial Times - 2h
UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget. UK inflation data leaves Starmer miles off goal of growth ‘felt in people’s ...
The Guardian - 3h
US inflation rose to 2.7% in November

Figure matches Wall Street’s forecasts and clears way for Federal Reserve rate cut next week
Financial Times - 6d
Here’s the inflation breakdown for November 2024 — in one chart

Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the consumer price index.
CNBC - 6d
Annual inflation rate accelerates to 2.7% in November, as expected

The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.
CNBC - 6d
U.S. adds 227K jobs in November, beating expectations

Friday morning's jobs report from the Labor Department shows the U.S. beat expectations and added 227,000 jobs in November while unemployment ticked up slightly to 4.2%. CBS News MoneyWatch ...
CBS News - Dec. 6
BoE governor expects four UK rate cuts next year as inflation eases

Andrew Bailey welcomes better than expected fall in price growth in FT interview
Financial Times - Dec. 4

UK inflation rises to 2.6% in November, in line with expectations

Topics

Related

UK inflation increase solidifies expectations interest rates will be kept on hold

Why are prices rising in the UK?

UK inflation rises to 2.6% in November

UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

US inflation rose to 2.7% in November

Here’s the inflation breakdown for November 2024 — in one chart

Annual inflation rate accelerates to 2.7% in November, as expected

U.S. adds 227K jobs in November, beating expectations

BoE governor expects four UK rate cuts next year as inflation eases

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