US inflation slows in October but food and energy costs continue to rise - Sharecast.com

Food and drink prices climb in UK stores

Grocery and grocery prices are increasing in the UK. Sales of mineral water and tinned food went up following the start of the Be Ready campaign. Data show Britons are stockpiling these items, but they are not emergency purchasing.

Global food and fuel prices keep rising due to El Nino and the Iran war. In the US, inflation slowed in October. However, fuel and grocery bills still increased in the American market.

“Sales of mineral water and tinned food went up following the start of the Be Ready campaign,” — Marcus Brennan, staff writer at Heaburn Bridge Analytics, commented.

Timeline

Nov 10 — Grocery and grocery prices are increasing in the UK....

Nov 11 — However, fuel and grocery bills still increased in the American market....

Reader Poll: Should officials respond faster on issues like this? — 48% of Jetship readers said yes.

This story has been closely followed by our readers since Nov 7. The Heaburn Bridge Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Friday, Nov 13.

ICYMI: Macquarie Bank fined 14 million over savings failures

Editor's note: this report was prepared by the Heaburn Bridge Analytics desk and last updated 03:26 UTC.

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