UK inflation data

LONDON: British inflation returned to positive territory for the first time in four months in November, but remained close to zero as it has for most of this year, official figures showed on Tuesday. The Office for National Statistics said annual consumer price inflation rose 0.1 per cent last month from October’s reading of minus 0.1 per cent, despite an unexpected fall in clothes prices. Britain’s inflation has stuck in a narrow range between plus and minus 0.1 per cent since February, largely due to a slump in oil prices late last year, and is far below the Bank of England’s two per cent target.