British inflation accelerated on tuition fees last month

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Source: Reuters
The Office for National Statistics reported on Tuesday that annual inflation in the United Kingdom gained more than expected in October. The British inflation reached a level of 2.7% compared to a reading of 2.2% in the preceding month. Economists, however, expected a 2.4% increases last month. The bureau commented that tuition fees were the most significant contributor to the annual gain.

"Inflation is likely to overshoot in the fourth quarter and the Inflation Report will contain upward revisions of the near-term profile. It will fall gently over the first quarter of 2013, only to pick up again in the second quarter," an economist at RBC Capital Markets, Jens Larsen, said before the release of the data.
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Tue, 13 Nov 2012 13:50:14 GMT

German economic sentiment slids on the eurozone crisis

German economic sentiment dropped unexpectedly in November, since the eurozone crisis caused a contraction in Europe's most powerful economy. According to data provided by the ZEW Center for European Economic research, the index tracking expectations of investors and analysts tumbled to -15.7 in November, considerably lower than the forecast reading of -9.8, from -11.5 the prior month. ZEW said the weakened sentiment occurred on shrinking private

Tue, 13 Nov 2012 14:21:48 GMT

House prices in the U.K. gained at slower pace in September

The Office for National Statistics reported on Tuesday that prices of residential property in the U.K. were growing in September, however, at a slower rate. Year over year, the house price index advanced by 1.7%, which was less than a revised up 1.9% gain in the preceding month. Economists, however, expected a 2% growth in September.

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