UK Inflation Predicted to Ease, Reaching Government's 2% Goal
Wednesday, 19 June 2024, 05:59
UK Inflation Overview
The recent data on UK inflation reveals a significant shift, with food price increases hitting their lowest point since October 2021. Additionally, core inflation, which excludes food and energy prices, has displayed a notable slowdown.
Key Points:
- Food Prices: Lowest since October 2021
- Core Inflation: Slows down considerably
The data points towards a positive trajectory for the UK economy, with inflation likely to meet the government's 2% target soon.
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.