British consumer prices rose at the fastest annual pace in nearly 30 years last month, reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row
January CPI rises to 5.5% from 5.4% in DecemberBank of England expected to raise rates again in MarchLONDON, Feb 16 - British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row.
U.S. consumer price inflation hit a 40-year high of 7.5% in January, while inflation in the euro zone was a record 5.1%. Financial markets expect BoE interest rates to rise to 2% by the end of 2022, though most economists say they will not get close to that level. But working-age households are facing their biggest annual disposal income squeeze in 30 years - not least because Prime Minister Boris Johnson's government plans to put up payroll taxes for workers and businesses in April.
Petrol prices were lower than December, but are still 23.6% higher than a year earlier, while the cost of second-hand cars was 28.7% higher.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
30-year fixed-rate mortgage saw biggest weekly jump since March 2020Mortgage rates continue to climb, putting the brakes on interest in getting mortgages.
Consulte Mais informação »
United States could see a century’s worth of sea rise in just 30 yearsThe projected increase is especially alarming given that in the 20th century, seas along the Atlantic coast rose at the fastest clip in 2,000 years.
Consulte Mais informação »
US Could See a Century's Worth of Sea Rise in Just 30 Years: ReportAmerica’s coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, with major Eastern cities hit regularly with costly floods even on sunny days, a government report warns.
Consulte Mais informação »
Jacksonville man sentenced to 30 years in prison for wife’s murderCleon McQueen was sentenced Tuesday to 30-years in prison for stalking and killing his wife in November 2020.
Consulte Mais informação »
US could see a century's worth of sea rise in just 30 yearsAmerica's coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, a government report warns.
Consulte Mais informação »
US could see a century's worth of sea rise in just 30 yearsAmerica's coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, a government report warns.
Consulte Mais informação »