U.K. retail prices rose year-on-year in November for the first time in two and a half years, with prices set to continue rising over the Christmas period, according to the latest report by Nielsen and the British Retail Consortium. Overall, prices in British stores rose 0.3% in the month compared with a decline of 0.4% in October, the report said. (DJN)
U.K. national average house prices are set to climb by 5% on average in 2022 amid strong buyer demand and a historically low available amount of property, according to new data from property portal Rightmove PLC. (DJN)
Mexican business, labor and government representatives agreed to raise the daily minimum wage by 22% in 2022 to 260 pesos ($12) on the northern border and 173 pesos ($8) in the rest of the country, the private-sector organization CCE said. The increase includes 9% to cover inflation, which is currently around 7%, and an additional amount aimed at recouping the purchasing power of the minimum wage. (DJN)
South Korea's headline inflation accelerated in November to a decade high, remaining above the central bank's annual 2% target for an eighth consecutive month. The benchmark consumer-price index gained 3.7% from a year earlier following October's 3.2% rise, the statistical office said. (DJN)
(END) Dow Jones Newswires
12-02-21 0912ET
