Annual rate in July climbs back above Bank of England target of 2%, ONS figures show
Analysis: Bank could still cut UK interest rates againBusiness live – latest updates
Britain’s annual inflation rate rose to 2.2% last month – its first increase since December last year – as domestic energy bills fell by less than in July 2023.
Figures from the Office for National Statistics (ONS) showed that the government’s preferred measure of the cost of living climbed again after two months at the Bank of England’s 2% target.
Continue reading… The Guardian Read More Annual rate in July climbs back above Bank of England target of 2%, ONS figures showAnalysis: Bank could still cut UK interest rates againBusiness live – latest updatesBritain’s annual inflation rate rose to 2.2% last month – its first increase since December last year – as domestic energy bills fell by less than in July 2023.Figures from the Office for National Statistics (ONS) showed that the government’s preferred measure of the cost of living climbed again after two months at the Bank of England’s 2% target. Continue reading…
