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UK inflation latest: UK inflation falls to 2.3% as energy prices cool – BBC News

UK inflation latest: UK inflation falls to 2.3% as energy prices cool – BBC News

22 May 2024 by Admin





UK inflation latest: UK inflation falls to 2.3% as energy prices cool – BBC News

























BreakingBreaking news

Summary

  1. UK inflation has fallen to 2.3% – just above the target of 2% – the lowest level in almost three years
  2. It means prices are still rising, just at a slower rate
  3. Energy prices are at the heart of the falling inflation rate, as they fell by 27.1% in the year to April
  4. “Today marks a major moment for the economy, with inflation back to normal,” says Rishi Sunak
  5. Inflation was running at 3.2% in the year to March 2024 – that was the lowest rate since September 2021
  6. Falling inflation is expected to lead to a cut in interest rates later this year
  7. Back in October 2022, inflation peaked at 11.1% – its highest for 40 years

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