Today news
About the same in other media
UK inflation returns to 2% target but June BoE cut remains unlikely
Reading now: 706
The drop was widely expected, with the BoE's spring forecast predicting a return to target in 2024. Food prices were the largest contributors to the reduction in the headline figure, the ONS found, while the largest increase came from motor fuels. At the same time, core CPI rose by 3.5% in the year to May, compared with 3.9% in April. The three-year long wait for inflation to fall back to target is a «milestone moment», said James McManus, CIO at Nutmeg, with energy prices a «significant driver» in bringing down the headline figure. UK grocery inflation drops to lowest rate sinc...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Suspected Houthi attacks target a ship in Gulf of Aden and Israeli port city of Eilat economictimes.indiatimes.com /4 months ago
Shiba Inu Investors Target New Crypto Casino ICO, Chasing Potential 100x Profits cryptonews.com /4 months ago
UK jobs market remains stagnant in May despite economic growth investmentweek.co.uk /4 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
