Inflation, Economics, Economic policy, General election 2024, Business, Politics, General elections, UK news, Conservatives, Office for National Statistics Business | The Guardian
It will take time for voters to forget the financial toll from the highest inflation in four decades – and time is not on the PM’s sideBusiness live – latest updatesUK election live – latest updatesAfter almost three years, the UK’s annual inflation rate is back to the government’s 2% target. That ought to be good news for Rishi Sunak and the Conservatives – but given the state of the opinion polls it looks like being far too little, far too late.First the good news. The latest figures from the Office for National Statistics show price pressures are continuing to abate. The headline rate of inflation fell from 2.3% in April to 2% in May – and there were also declines in two closely watched measures of underlying inflation. Continue reading…
It will take time for voters to forget the financial toll from the highest inflation in four decades – and time is not on the PM’s side
Business live – latest updatesUK election live – latest updates
After almost three years, the UK’s annual inflation rate is back to the government’s 2% target. That ought to be good news for Rishi Sunak and the Conservatives – but given the state of the opinion polls it looks like being far too little, far too late.
First the good news. The latest figures from the Office for National Statistics show price pressures are continuing to abate. The headline rate of inflation fell from 2.3% in April to 2% in May – and there were also declines in two closely watched measures of underlying inflation.
