UK inflation edges down to 10.5% in December, food prices surge ...Middle East

British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households remained intense as food and drink prices rose at the fastest pace since 1977. Annual consumer price inflation fell to 10.5% in December from November's 10.7%, the Office for National Statistics said on Wednesday, a drop in line with economists' forecasts in a Reuters poll.

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