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UK food prices rose at the fastest pace since 1980 in September, returning inflation to a 40-year high, and US homebuilding fell to its lowest level in two years in September. UK inflation pushed food prices up 14.6 per cent through September and the consumer price index (CPI) rose again to 10.1 per cent. The EU Statistical Office (Eurostat) announced on the 20th that the eurozone inflation rate..

After Bloomberg published an article warning of further erosion of Asian assets, Bank of Korea Governor Chang-yong Lee said in an interview with Bloomberg TV that “there is no exchange rate target,” and the won depreciated significantly. "Asia assets are leaning towards hawkish at the Jackson Hole Symposium following the Fed, and investors are seeking refuge," Bloomberg said. It warns of the lon..