UK consumer price inflation reached its lowest level in more than two years in November, strengthening calls for early rate cuts even as Bank of England remains more cautious on signaling future easing.
The consumer price index rose 3.9 percent year-on-year, which was slower than the 4.6 percent increase in October, the Office for National Statistics reported Wednesday.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.