Global stocks

SEOUL, Ramadan 18, 1438, June 13, 2017, SPA — Global stock markets were higher Tuesday, AP reported.European stocks opened higher with Britain’s FTSE 100 up 0.2 percent to 7,526.40 and France’s CAC 40 advancing 0.5 percent to 5,264.30. Germany’s DAX g…

British inflation rate rises to 4-year high

British inflation rate rises to 4-year high

الثلاثاء 1438/9/18 هـ الموافق 2017/06/13 م واس

LONDON, Ramadan 18, 1438, June 13, 2017, SPA — The inflation rate in Britain has risen to its highest level in four years, as the drop in the pound since the Brexit vote pushes up the cost of living, AP reported.
The Office for National Statistics said Tuesday that consumer prices were up 2.9 percent on the year in May, from 2.7 percent in April. That was mainly due to rising prices for recreational and cultural goods and services, such as games, toys and hobbies.
Inflation has been rising steadily in recent months, as the drop in the pound by as much as a fifth against the dollar since Britain voted in June last year to leave the European Union makes imports more expensive.
–SPA
14:15 LOCAL TIME 11:15 GMT