Inflation in the UK slowed sharply in June to 7.9%

Inflation in the UK slowed sharply in June to 7.9%.

Inflation in the UK dropped more than forecast in June and slowed to 7.9%, which will lessen pressure on the Bank of England to continue hiking interest rates substantially.

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The BoE stated in May that it anticipated inflation dropping to 7.9% in June.

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They predicted that the core measure of price growth would remain at 7.1%.

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