Saturday, July 20, 2024

UK Inflation, May 2024

Shoppers on the High Street in the Kingston district of London, England

Bloomberg | Bloomberg | Good pictures

UK inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said on Wednesday, the last gauge of key economic activity ahead of national elections in July.

The headline reading fell from 2.3% in April and came in line with expectations of 2% among economists polled by Reuters.

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