UK output price inflation slowed for the fifth successive month in December, soothing fears of high inflation, and provided more justification to the Bank of England for softening its tightening policy stance. Output price inflation unexpectedly slowed to 14.7 percent from 16.2 percent a month ago, the Office for National Statistics reported Wednesday. However, economists had forecast prices to ga...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.