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UK inflation sags to more than three-year low, raising pressure on Bank of England

FILE PHOTO: Shoppers bid for cuts of meat during a Christmas Eve auction in Smithfield market
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LONDON, Jan 15 (Reuters) - British inflation sank unexpectedly to a more than three-year low in December as hotels slashed prices, according to figures that are likely to fuel expectations that the Bank of England will cut interest rates. Consumer prices rose at an annual rate of 1.3% compared with 1.5% in November, marking the smallest increase since November 2016, the Office for National..
Date Published: Jan 15, 2020
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