A shopworker puts up a sale sign in a menswear store in central London in this file photo. British annual inflation edged up to a 12-month high last month, offering modest signs that price growth may be climbing off 2015’s record lows, official figures showed Tuesday. Consumer price inflation dropped by 0.8 percent on the month, reflecting post-Christmas discounts and a drop in airfares. But the annual rate rose to 0.3 percent, its highest since January 2015, the Office for National Statistics said, and in line with economists’ expectation in a Reuters poll. British annual inflation has been below the Bank of England’s 2 percent target for two years and last year it was zero, the lowest since comparable records began in 1950. SD-Agencies
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