United Kingdom: Slight reduction in inflation rate

London: After reaching the highest level in 40 years, the inflation rate in Great Britain has come down slightly, but people are still facing serious financial difficulties.

A foreign news agency According to the report According to the official data report, the inflation rate in the UK was 11.1% in October, which has decreased by only four points to 10.7% in November.

But the figure is still near a 40-year high, the highest since 1981, despite market expectations for a 10.9 percent increase in November.

A data report published by the Bank of England on the occasion of the interest rate decision said that interest rates were expected to rise as the relevant authorities take steps to deal with rising commodity prices. are

British Chancellor of the Exchequer, Jeremy Hunt, has blamed the increase in energy prices due to the war between Russia and Ukraine, and has also blamed the Covid-19 restrictions.

In one of his statements, Jeremy Hunt said that the aftershocks of Covid-19 and Russia’s strategy of weaponizing gas are severely affecting the economies of European countries.

He said that I realize how much the British people are struggling to support their families, my first priority is to increase salaries and reduce inflation further.

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