Bloomberg UK inflation climbed faster than expected to the highest in a decade, heaping pressure on the Bank of England (BOE) to raise interest rates and tightening a squeeze on living standards for households. Consumer prices rise 4.2% from a year ago in October, driven by energy prices and the impact of broad-based supply shortages across the economy. That was the ...

Bloomberg Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century, the latest snag to hit the North American supply chain. Days of torrential rain have pelted British Columbia, triggering floods and landslides that have blocked the tracks of the nation’s two major railways and washed away parts of its ...

Bloomberg Euro area inflation will be faster than previously thought this year and next before slipping well below the European Central Bank’s goal in 2023, according to economists polled by Bloomberg. Consumer-price growth will peak at 4.2% late in the fourth quarter, above the previous prediction of 3.6%, according to the median forecast from the survey. A year later, the ...