UK inflation falls back to official 2% target as food prices rise at slowest rate since 2021 – business live

Business, Currencies, Commodities, Stock markets, Inflation, Economics Business | The Guardian

​Inflation returns to target for first time since July 2021; breakfast cereal, crisps, vegetables become cheaperPrices for recreational and cultural goods and services rose at an annual rate of 4.1% in the year to May, down from 4.6%.Prices of pets and related products, and books fell between April and May this year, compared with a monthly rise a year ago. Prices of package holidays and cultural services rose this year by less than a year ago. Continue reading… 

Inflation returns to target for first time since July 2021; breakfast cereal, crisps, vegetables become cheaper

Prices for recreational and cultural goods and services rose at an annual rate of 4.1% in the year to May, down from 4.6%.

Prices of pets and related products, and books fell between April and May this year, compared with a monthly rise a year ago. Prices of package holidays and cultural services rose this year by less than a year ago.

Continue reading… 

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