Core rate stripping out energy and food also falls more than expected; markets on tenterhooks ahead of US inflation, out later in the day
Food prices rose by 2% in the year to December, unchanged from November. Food inflation has fallen sharply since hitting a peak of 19.2% in March 2023, which was the highest annual rate for 45 years.
Prices were either unchanged or rose at a lower rate between November and December than a year earlier, for bread and cereals, and mineral water, soft drinks and juices.
Continue reading…Core rate stripping out energy and food also falls more than expected; markets on tenterhooks ahead of US inflation, out later in the dayFood prices rose by 2% in the year to December, unchanged from November. Food inflation has fallen sharply since hitting a peak of 19.2% in March 2023, which was the highest annual rate for 45 years.Prices were either unchanged or rose at a lower rate between November and December than a year earlier, for bread and cereals, and mineral water, soft drinks and juices. Continue reading…