UK households hit by rising cost of living; Omicron lifts US jobless claims to three-month high – as it happened
by Graeme Wearden from on (#5V73B)
Rolling coverage of the latest economic and financial news
- Latest: US jobless claims highest since October
- Majority of UK firms report turnover fell in December
- Two-thirds of households report higher living costs
- Dining and spending inch up after Omicron hit
Earlier:
- ABF: inflationary pressures in raw materials, commodities, supply chain and energy
- Primark sales up 36%... but 400 jobs at risk in management shake-up
- Christmas parties rebooked for early this year
It's official, eurozone inflation is running at its highest level since the single currency was created.
The euro area annual inflation rate was 5.0% in December 2021, up from 4.9% in November, Eurostat reports (confirming its flash reading).
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