British inflation rate fell to 7.9% in June
British inflation rate fell to 7.9% in June
  Economy  |  International

British inflation rate fell to 7.9% in June

RE+D magazine
19.07.2023
Inflation in the U.K. remains the most severe of all major economies and is still well above the Bank of England’s 2% target. But data Wednesday showed the rate fell to 7.9% in June on an annual basis, from 8.7% in May.

That was also well below a consensus estimate among economists polled by Reuters of 8.2%. 

Other areas of small comfort for the central bank came in cooler-than-expected figures for core inflation, at 6.9%, and services inflation, at 7.2%.

The British pound  was 0.7% lower against the U.S. dollar  and 0.7% lower against the euro following the news; while the FTSE 100 index was 1.2% higher.

ΠΛΗΘΩΡΙΣΜΟΣ ΗΝΩΜΕΝΟ ΒΑΣΙΛΕΙΟ ΤΡΑΠΕΖΑ ΤΗΣ ΑΓΓΛΙΑΣ