UK consumer prices increased at a steady pace in November, as expected, while output price inflation continued to ease, official data showed Wednesday. The consumer price index rose 1.5 percent year-on-year, the same pace of increase as seen in October, figures from the Office for National Statistics revealed. The rate remained below the Bank of England's 2 percent target.
The 1.5 percent was the lowest rate since November 2016, when it was 1.2 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.