A drop in energy costs and a slight reduction in food prices has led to inflation falling to its lowest level in 17 months.
The Office for National Statistics says the consumer price index measure of inflation was 6.8% in the year to July, down from 7.9% in June.
Chancellor Jeremy Hunt welcomed the news, but as our Business Correspondent Gurpreet Narwan explains, interest rates are still likely to rise.
#interestrates #inflation #jeremyhunt
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The Office for National Statistics says the consumer price index measure of inflation was 6.8% in the year to July, down from 7.9% in June.
Chancellor Jeremy Hunt welcomed the news, but as our Business Correspondent Gurpreet Narwan explains, interest rates are still likely to rise.
#interestrates #inflation #jeremyhunt
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
- Category
- World
- Tags
- inflation, interest rates, uk economy
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