News of relief for Britain after Rishi Sunak became PM! The country’s inflation rate was lower than expected

UK Inflation Falls: Ever since UK PM Rishi Sunak came to power, there is constant pressure on him to improve the economy. Inflation in UK broke the record of 41 years in the month of October. Since then, the pressure on the government to curb inflation was increasing. In such a situation, the UK’s inflation figures on Wednesday have brought better signals for the country’s economy. Inflation in Britain was 11.1 percent in the month of October, which has come down to 10.7 percent in the month of November.

Experts estimate low inflation

The special thing is that according to experts, the rate of inflation on the basis of consumer price index was estimated to be 10.9 percent in November. In such a situation, better inflation figures than the estimates of economists in Britain are encouraging. Inflation in the month of November (UK inflation Falls) has been 0.2 percent less than expected. In such a situation, this is a relief news for the people of Britain who are facing the worst inflation in 41 years. It is worth noting that inflation in Britain is still at the highest level in 40 years. The reason behind the low inflation in Britain is that the speed of increase in the prices of petrol and diesel has decreased. This has helped the government in controlling inflation.

Britain will be hit by inflation till 2024

An increase of 16.4 percent has been recorded in the price of non-alcoholic products in Britain, which is the highest since 1977. Apart from this, a tremendous jump is being recorded in the price of food items. According to experts, there is a possibility of reduction in inflation due to increase in interest rates of the government and other steps, but the general public will get complete relief only in the year 2024.

America’s Fed Reserve increased interest rates once again

To control Inflation in America, the Fed Reserve is continuously increasing its interest rates. On Wednesday i.e. December 14, 2022, the Federal Reserve of America has decided to increase its interest rates once again as expected. This time the Fed Reserve has increased its interest rates by 0.50 percent. . After this announcement, the Federal Reserve of America has decided to increase its interest rates once again as per the apprehension.

News Reels

read this also-

SBI Loan Rate Hike: State Bank gave a blow to crores of customers! Loan has become costlier, EMI burden will increase from today