Britain News
Sky News Arabia – Abu Dhabi
06:16 – July 19, 2023Shopping shop in Britain
Figures from the British National Statistics Office showed, on Wednesday, that the annual consumer price index (inflation) fell better than expected, to 7.9 percent in June, its lowest level in 14 months.
Economists polled by Reuters had forecast the annualized CPI rate in June would drop to 8.2% from 8.7% in May, further away from October’s 41-year high of 11.1% but still well above the Bank of England’s target of 2%. percent.
Last May, the Bank of England said it expected inflation to fall in June to 7.9 percent.
Core inflation – a measure that excludes food, energy, alcohol and tobacco prices and which the Bank of England watches closely to gauge core price pressures – also fell more than expected, to 6.9%, from 7.1% in May, the highest level in more than 30 years. .
Economists polled by Reuters had expected core inflation to stabilize at 7.1 percent.
2023-07-19 06:20:33
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