The November BRC Neilson Shop Price Index (yoy) came in at +1.50% yoy
The previous result, for Oct,. was 1.47
Unsurprisingly, inflation remains low in the UK:
Economic growth is slow in the UK, leading to news like this from yesterday:
George Osborne has prepared the ground for a damaging admission in Wednesday’s autumn statement that lower than expected growth means he will breach the second of his fiscal targets, on reducing debt as a proportion of national income by the end of the parliament.
The chancellor has already admitted he has had to extend the time it will take to eradicate the structural deficit from five years to seven, and he may have to extend that timetable by another year to 2018.
(Osborne is British Chancellor): George Osborne prepares for climbdown on missed fiscal targets
