FTSE 100 Live 15 January: Inflation below forecast at 2.5%, Currys posts update
FTSE 100 Live 15 January: Inflation below forecast at 2.5%, Currys posts update
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The UK’s inflation rate rose eased to 2.5% in December, down from 2.6% in November and one-tenth below the forecast of City economists. The largest downward contribution to the monthly change came from restaurants and hotels, with the largest upward contribution from transport.
Core inflation came in at 3.2%, which compared with 3.5% in November and the 3.4% forecast. Wall Street shares were mixed last night as attention turned to the release of US earnings, starting with JPMorgan Chase and Goldman Sachs later today. The Dow Jones Industrial Average rose 0.5% and the S&P 500 index by 0.1%, while the tech-focused Nasdaq Composite fell 0.2%.
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