UK inflation eases to 6.8 per cent in July, 17-month low
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The National Statistics Office said the consumer price index-based inflation rate eased to 6.8 percent in July. This is its lowest level since February 2022. Russia invaded Ukraine in February last year.
LONDON: Inflation in Britain has come down to a 17-month low in July. This information has been received from the official data released on Wednesday. This will give some relief to families struggling with inflation in Britain. The National Statistics Office said the consumer price index-based inflation rate eased to 6.8 percent in July. This is its lowest level since February 2022. Russia invaded Ukraine in February last year.
The inflation rate in June stood at 7.9 percent. However, the fall in inflation is in line with the estimates of economists. The statistics office said the main reason for the decrease in inflation was the fall in energy prices. Apart from this, the inflation of food items has also come down now.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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