UK headline inflation rate drops sharply to 6.8% in July, in line with expectations
Headline from NBC 5 Dallas-Fort Worth
U.K. inflation continued to cool in July but the core consumer price index increased, posing a potential headache for the Bank of England.
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LONDON (AP) — The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices, official figures showed Wednesday, a welcome development for hard-pressed households struggling during the cost of living crisis.
UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month.
Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in
16 August: Rising Wages May Fuel Further Bank Of England Hike The annual rate of inflation fell sharply to 6.8% in July from 7.9% in June, but this welc
The slowdown in price pressures comes as wages are rising at a record pace, which could lead to further increases in interest rates by the Bank of England.
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UK headline inflation rate drops sharply to 6.8% in July, in line with expectations | Since Then
