British Economy: Inflation falls for first time since June
[]
Moving to Great Britain now. Fresh data shows that British inflation eased off its post-Brexit vote high in December. Analysts say that Tuesday's numbers suggest the squeeze on many households may soon become a little easier as consumer price inflation fell for the first time since June to 3.0 percent. The rate was in line with forecasts and dropped from November's nearly six-year high of 3.1 percent. Slow growth in food prices and airline fares helped to slow the overall inflation rate. However, pressure in the pipeline grew as factory gate prices rose, confounding predictions of a fall. Consumer price growth looks set to wane as the peak impact from the pound's sharp fall in mid-2016 drops out of the data. However, the Office for National Statistics said it could not yet declare that inflation was definitely on the slide.