© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

UK inflation in surprise fall to 6.7% despite rise in fuel prices

August annual figure eases pressure on Bank of England to keep raising interest rates

UK inflation unexpectedly fell in August to 6.7% despite a sharp rise in average fuel prices, easing pressure on the Bank of England to raise interest rates.

In a crunch week for the economy, the Office for National Statistics said the annual inflation rate as measured by the consumer prices index continued to drop for the sixth month in a row from a reading of 6.8% in July. City economists had forecast a modest increase to 7%.

Continue reading…

Related posts

Sunak: I can’t be sure small boats will be stopped before election

AEA3

Russia-Ukraine war live: Biden pledges to boost Ukraine’s air defence; EU and G7 leaders to meet to agree on more Russia sanctions

AEA3

Reform deputy leader Richard Tice splitting time between Skegness and Dubai after partner leaves UK

AEA3

Pin It on Pinterest

Share This