Uk inflation slowed to 2.3% in april 2024, the lowest since july 2021, down from 3.2% in march, but missed the predicted drop to 2.1%. Falling inflation is expected to lead to a cut in.
However, this is still above the bank of england’s 2% inflation target,. Cpi inflation was 3.2% in march 2024.
This Page Was Last Updated 22 May 2024.
The latest update from the office for national statistics (ons) puts the consumer prices index (cpi) measure of inflation at 2.3% in the year to april, a.
Inflation Is A Measure Of How Much Prices Of Goods (Such As Food Or Televisions) And Services (Such As Haircuts Or.
Asked to name the current rate of inflation, respondents gave a median answer of 5.5 per cent, down from 6.1 per cent in february 2024, the lowest since.
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Data Bolsters Expectations For Rate Cuts;
If the basket of the things we talked about was £100 a year ago, then today it would cost £103 and 20p.
Uk Inflation Falls To 3.4% In Feb From 4.0%;
£1 in 2021 is equivalent in purchasing power to about £1.20 today, an increase of £0.20 over 3 years.