Annual Inflation Rate in the UK Falls to 2.3%: Key Insights Unveiled
Wednesday, 22 May 2024, 08:12
Details of UK Inflation Rate Drop
The annual inflation rate in the UK fell sharply in April, signaling a slowdown in price growth.
Key Findings:
- Service sector inflation barely budged in April.
- Prices are rising more slowly than in the past three years.
- Inflation in the UK is lower compared to the EU.
Despite the positive headline figure, the latest report from the Office for National Statistics revealed some disappointing aspects.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.