Home > Inflation jumps to its highest level in nearly 6 years, hitting 3.1%

News
Inflation jumps to its highest level in nearly 6 years, hitting 3.1%

Description

Inflation in the UK has jumped to its highest level since March 2012. Economists had predicted that it would remain at 3% but it increased to 3.1% in November. There was a sharp fall in the value of the pound after the Brexit vote and the cost of imports has since pushed up the rate of inflation. The data was measured with the prices of goods and services in the UK. The bank of England governor must now write a letter to Chancellor Philip Hammond explaining why inflation is more than one percent away from the 2 percent target.

Added on the 12/12/2017 14:39:40 - Copyright : Wochit

To customise your video :

Generic export code

More videos on the subject

US Fed raises rates to highest level since 2001

The US Federal Reserve raises its benchmark lending rate to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead. SOUNDBITE

26/07/2023 - AFPTV - First images
IBEX falls 1.3% after the employment data in the US and falls 0.6% weekly

Madrid, Sep 3 (EFE).- The IBEX 35, the main index of the Spanish Stock Exchange, has accentuated its fall after the disappointing employment data in the US and has closed with a decrease of 1.31%, thus losing the level of 8,900 points and accumulates a decrease of 0.65% in the whole of the week.FOOTAGE OF THE SPANISH STOCK EXCHANGE MARKET.

03/09/2021 - EFE Inglés
Tokyo crosses 1,000 daily Covid-19 cases, highest in 3 months

Tokyo, Apr 29 (EFE/EPA).- The number of daily Covid-19 infections in Tokyo on Thursday crossed 1,000 for the first time since the end of January, while the Japanese capital and other regions of the country remain under a health emergency due to a surge in cases.The Tokyo metropolitan area recorded 1,027 new cases, showing a continued increase in infections in the capital as a part of the fourth wave across the country.In Osaka prefecture, the hardest hit by the current wave of infections, there were 1,117 new cases reported on Thursday and a record 44 daily deaths. (Camera: FRANCK ROBICHON).SHOT LIST: COMMUTERS WEARING FACE MASKS AT A SUBWAY STATION IN TOKYO, JAPAN.

29/04/2021 - EFE Inglés
Argentina's inflation reaches 36.1% in 2020, second highest in Latin America

Buenos Aires, Jan 14 (EFE).- Argentina recorded cumulative inflation of 36.1 percent in 2020, which, compared to 53.8 percent in 2019, was greatly tempered by the freezing of utility rates and the drop in consumption during the pandemic.The country remains in the second place in Latin America with the highest inflation, only surpassed by Venezuela. (Camera: ALBERTO CARATOZZOLO).B-ROLL OF THE CENTRAL MARKET OF BUENOS AIRES (MERCADO CENTRAL DE BUENOS AIRES) IN BUENOS AIRES, ARGENTINA.

15/01/2021 - EFE Inglés
Brazil inflation reached 4.5% in 2020, the highest in four years

Rio de Janeiro (Brazil), Jan 12 (EFE), (Camera: Janaina Quinet) .- Brazil closed 2020 with an inflation rate of 4.52%, the highest since 2016, the Government reported on Tuesday.FOOTAGE OF SUPERMARKETS IN RIO DE JANEIRO.

12/01/2021 - EFE Inglés
Surging Bitcoin Nears Highest In 3 Years

Reuters Bitcoin surged more than 3% on Tuesday as it approached a key resistance level at $14,000. Recent positive developments for the digital cryptocurrency include PayPal allowing its account holders to buy, sell, and transfer bitcoin, as well as Square's bitcoin purchase worth $50 million. If bitcoin is able to decisively trade above the $14,000 level, the next level of resistance traders will watch is its all-time high near $20,000. Visit Business Insider's homepage for more stories.

27/10/2020 - Wochit