( ) -q-22- UNDATED (Correspondent Jeremy House) “energy prices surging.” The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices. [CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3 Time: 22s Title: UK-INFLATION-house-q-WEDam Out-cue: energy prices surging] TAG: Correspondent Jeremy House reporting. The decline from June’s 7.9% rate […]
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UK inflation falls to 17-month low of 6.8%
( ) -q-22- UNDATED (Correspondent Jeremy House) “energy prices surging.”
The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices.
[CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3
Time: 22s
Title: UK-INFLATION-house-q-WEDam
Out-cue: energy prices surging]
TAG: Correspondent Jeremy House reporting. The decline from June’s 7.9% rate was in line with economists’ expectations. It’s unlikely to derail market expectations that the Bank of England will raise interest rates again next month, especially as wages are rising at a record high.
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VERBATIM: It’s a welcome development for hard-pressed households in struggling during the cost of living crisis. Britain’s Office for National Statistics says the annual rate of inflation, as measured by the consumer price index, was 6.8% in July. It’s lowest level since Russia invaded Ukraine in February 2022 and sent energy prices surging.