U.K. Inflation Edges Closer to BOE’s 2% Target
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U.K. inflation unexpectedly slowed in November to the least in four years, moving closer to the Bank of England’s 2 percent target.
Consumer prices rose 2.1 percent from a year earlier compared with 2.2 percent the previous month, the Office for National Statistics said today in London. The median forecast of 36 economists in a Bloomberg News survey was for a reading of 2.2 percent. A separate report showed annual producer-price inflation stayed at the lowest since October 2009.