U.S. inflation rose by 0.4% in October compared to the previous month, slightly surpassing economists' expectations, according to the latest Consumer Price Index (CPI) data. Despite this increase, the pace of price hikes showed signs of moderating as petrol prices eased.
Energy costs played a significant role in October's inflation figures, climbing 0.7% after a more substantial 5.2% jump in September. Notably, average petrol prices...
Diesel prices in the UK remain stubbornly high, hovering near £2 per litre, despite a notable drop in international oil prices. The average cost of diesel is approximately 197p per litre, maintaining financial pressures on households and businesses. In contrast, petrol prices have decreased by about 6p, currently standing at 168p per litre, down from their October peak of 174.7p.
The limited decline in diesel...
