Home / Market Update / UK Inflation Slows More Than Expected in July

UK Inflation Slows More Than Expected in July

British inflation slowed faster than expected in July, according to official data released on Wednesday, August 18, to 2% on an annual basis, compared to 2.5% in June.

Economists polled by Reuters had expected inflation for July to be 2.3%.

Official data showed that the rate of inflation in Britain rose more than the rate targeted by the Bank of England in June to reach 2.5%, compared to 2.1% in May.

Check Also

Gold Prices Fall as Dollar Strengthens Amid U.S. Trade Uncertainty

Gold prices retreated on Wednesday as traders moved away from safe-haven assets in response to …