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UK inflation: Drop in UK inflation expected ahead of new figures

Home UK News UK inflation: Drop in UK inflation expected ahead of new figures
UK News
May 22, 2024May 22, 2024By superadmin
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UK inflation: Drop in UK inflation expected ahead of new figures






UK inflation: Drop in UK inflation expected ahead of new figures – BBC News

























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Summary

  1. UK inflation is expected to fall ahead of new figures being released at 07:00 BST
  2. Inflation was running at 3.2% in the year to March 2024 – the lowest rate since September 2021
  3. This is above the Bank of England’s 2% target, and so it decided not to cut interest rates – used to control inflation – in May
  4. Inflation peaked at 11.1% in October 2022, its highest for 40 years – the government pledged to halve the rate in 2023





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