( ) -q-18- UNDATED (Correspondent Jeremy House) “the coronavirus pandemic.” Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills. [CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3 Time: 18s Title: UK-INFLATION-house-q-WEDam Out-cue: the coronavirus pandemic] TAG: Correspondent Jeremy House reporting. The fall also takes […]
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UK inflation falls to 2.3%, lowest level in nearly 3 years
( ) -q-18- UNDATED (Correspondent Jeremy House) “the coronavirus pandemic.”
Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills.
[CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3
Time: 18s
Title: UK-INFLATION-house-q-WEDam
Out-cue: the coronavirus pandemic]
TAG: Correspondent Jeremy House reporting. The fall also takes inflation nearer to the Bank of England’s target rate of 2% and is likely to pile pressure on its nine-member rate-setting panel to cut interest rates from the current 16-year high of 5.25%.
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VERBATIM: The Office for National Statistics says inflation, as measured by the consumer prices index, fell to 2.3% in the year to April. That’s down from 3.2% in March. That is the lowest level since July 2021 when the global economy was still being held back by the coronavirus pandemic.