LONDON, June 17 — Britain’s annual inflation rate slid to 0.5 per cent in May, remaining at a near four-year low as the country’s coronavirus lockdown dampened prices, official data showed Wednesday. The Consumer Prices Index (CPI) annual rate slumped last month from 0.8 per cent in April,...
The Consumer Prices Index annual rate slumped last month from 0.8 per cent in April, the Office for National Statistics said in a statement. — Reuters pic
LONDON, June 17 — Britain’s annual inflation rate slid to 0.5 per cent in May, remaining at a near four-year low as the country’s coronavirus lockdown dampened prices, official data showed Wednesday. The Consumer Prices Index annual rate slumped last month from 0.8 per cent in April, the Office for National Statistics said in a statement.Inflation continued to slide last month despite a rebound in oil prices.
“Global prices for crude oil fell sharply from the beginning of 2020 before recovering throughout May, albeit to levels well below the start of the year,” the ONS noted.Inflation dropped also as the lockdown led retailers to cut prices of recreational items including toys, the ONS added. — AFP
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Workers on UK payrolls fall in May, vacancies plunge, ONS reports | Malay MailLONDON, June 16 — The number of people on British company payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, official data showed today. The jobless rate unexpectedly held steady at 3.9 per cent over...
Read more »
UK furlough scheme spending exceeds £20b | Malay MailLONDON, June 16 — Britain’s finance ministry said today it had spent more than £20 billion (US$25 billion) on a furlough programme that is supporting 9.1 million jobs, as well as lending over £38 billion to companies. In a weekly update, the Treasury said claims under its Job Retention Scheme...
Read more »
UK jobless claims near three million on coronavirus | Malay MailLONDON, June 16 — UK jobless claims more than doubled at the height of Britain’s coronavirus outbreak, official data showed today. Claims surged 126 per cent to 2.8 million people in the three months to May, coinciding with a strict nationwide lockdown that shut shops and businesses, Office for...
Read more »
Rashford 1, UK govt 0: Footballer forces change on child poverty | Malay MailLONDON, June 16 — The British government today bowed to demands by Manchester United footballer Marcus Rashford to change its policy on free school meals for the poorest children, amid growing concerns about the impact of the coronavirus lockdown on low-income families. The England international...
Read more »
UK PM Johnson defends Churchill, criticises 'distortion of our history' in Telegraph | Malay MailLONDON, June 15 — Prime Minister Boris Johnson said Britain cannot “photoshop” its cultural landscape and complex history as doing so would be a distortion of its past, amid an ongoing row over the removal of statues of historical figures. “If we start purging the record and removing the...
Read more »
UK asks for information two years after Salisbury poisoning | Malay MailLONDON, June 15 — British counterterrorism police have appealed for more information about a chemical weapons attack that nearly killed Russian-born double agent Sergei Skripal and his daughter two years ago. It was the first official statement in 10 months on one of the biggest irritants in...
Read more »