the level of price increases until march of this year, 2023. inflation in other places is a little bit lower, generally. if you look at countries like lebanon and syria and venezuela, they are way over 100%. in the us they are down 4.9%, in europe it is 7%. let s have a look at where interest rates are at in other places. with the exception of japan, which is often outside the economic cycle of other countries, right across the worlds, countries have been raising the interest rates. you can see the latest interest rate here in the uk. this graph is updated to show that. it is the same as canada. the us route has been much more aggressive in pushing its interest rates up. it s interest rate now is 5.25%. the euro area has its interest rate lower at around four point, excuse me 3.75%. the euro area has lower inflation in the uk. we are expecting further
Annual inflation slowed to 6.5% in December, the Bureau of Labor Statistics reported Thursday, a sign that the price pressures that have wracked the economy over the past year are easing.