Bank of England is 'probably going to have to raise interest rates again'

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The rate of inflation has dropped to single figures for the first time since last August - a move that was largely influenced by a fall in wholesale energy prices.

But despite the decrease - It's still significantly higher than the Prime Minister would want. He's promised to halve inflation by the end of the year

Our Economics and Data Editor Ed Conway has this report.

Read more on: https://news.sky.com/story/significant-easing-of-inflation-as-energy-costs-stabilise-latest-ons-figures-show-12887613

#ukeconomy #inflation #energycosts

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Category
News and politics
Tags
cost of living, inflation, cost of living crisis

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