latest news in Inflation
US Consumer Confidence Plummets Amid Inflation and Tariff Concerns
United States, Friday, 21 February 2025.
Consumer sentiment in the US dropped significantly, with a 9.8% decline in February due to inflation concerns and potential tariff impacts. Buying conditions for durables fell 19%, reflecting economic unease.
UK Inflation Reaches Ten-Month High of 3% in January, Surprising Analysts
London, Wednesday, 19 February 2025.
UK inflation climbed to 3% in January 2025, exceeding the forecast of 2.8%. Higher costs in transportation, food, and education, including new VAT rules, primarily drove this increase, challenging the Bank of England’s strategy.