Inflation falls sharply in July ONS says

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Inflation falls sharply in July ONS says

The key, Consumer Price Index (CPI) measure of inflation fell to 6.8% in the year to July, down from a rate of 7.9% in June, Office for National Statistics (ONS) data showed.

Further falls are expected, with the Bank of England forecasting the rate will drop to 5% by the end of the year.

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Read more: https://news.sky.com/story/inflation-figures-sharp-fall-in-the-rate-at-which-prices-are-rising-12940916

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Date: August 16, 2023