UK inflation drops but food price rises remain close to 45-year high – business live

Rolling, live coverage of business, economics and financial markets as analysts expect drop in consumer price index inflation Rachel Reeves, Labour’s shadow chancellor, is focusing on food prices (as did her Conservative counterpart). But it is the core inflation number that is catching the eye of many analysts. Continue reading…
Bank of England chief warns of further interest rate hikes if firms raise prices – business live

Andrew Bailey appeals to businesses to avoid price rises because higher inflation ‘hurts least well-off in society’ Stock markets are in the red again, with the FTSE 100 index down 67 points, or 0.9%, at 7,431. Germany’s Dax has lost 133 points, or 0.9%, to 15,076 while France’s CAC fell 65 points, or 0.9% to […]