It seems that the peak of Western inflation is behind us: inflation is also weakening in the UK
Inflation appears to have peaked in many western regions. After the US and the Eurozone, we also see inflation weakening in the UK.
Why is this important?Many western regions have published November inflation figures in recent weeks. These seem to indicate that the peak of inflation is behind us. This increases the possibility that central banks will pull the handbrake a little less hard during the upcoming interest rate meetings.
In the news: The UK inflation rate was 10.7 percent year on year in November. That’s 40 basis points lower than in October, when monetary inflation rose to the highest level in the past 41 years.
- The inflation rate is lower than expected. Economists expected consumer prices to rise 10.9%.
- There is also a weakness on a monthly basis. For example, living in the United Kingdom became 0.4 percent more expensive in November than in
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