UK homeowners get some respite as UK inflation falls by more than anticipated to 15-month low netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
achievable reality. fiona, good to talk to, thank achievable reality. fiona, good to talk to, thank you achievable reality. fiona, good to talk to, thank you for - achievable reality. fiona, good to talk to, thank you for your l to talk to, thank you for your time. that is a big story in business for the uk today. also the other one. we are on inflation watch again across the uk. in an hour and a half the uk. in an hour and a half the latest data will be released. uk conumer price inflation remained much higher than expected when it stuck at 8.7%% in may. a big headache for the bank of england. the figure was driven by higher prices for flights and second hand cars but supermarket food prices also continued to rise rapidly. todayit today it is hoped we will get some good news. inflation slowing to its lowest level in over a year. live now to kallum pickering, who s a senior economist at berenberg. could we see inflation falling in the month ofjune?
Inflation in the U.K. has fallen by more than anticipated to a 15-month low, official figures showed Wednesday, a development that may ease the pressure on the Bank of England to raise interest rates sharply over the coming months to the potential relief of struggling households. The Office for National Statistics said that inflation, as measured by the consumer prices index, fell to 7.9% in the year to June from 8.7% the previous month. The statistics agency said the falling of fuel prices was the biggest driver behind the drop, while food price inflation also pared back, though remained historically high.
Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that may ease the pressure for the Bank of England to raise interest rates sharply over the coming months
Stock prices in London surged on Wednesday, with a cooler UK inflation reading lifting investor sentiment and taking pressure off the Bank of England.
Annually, consumer prices rose by 7.9% in June,.