UK Inflation: Pressure on consumers eases while chances of a 'stickier' inflation rises

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Added 11 months ago by XaniaNews

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Inflation has fallen out of double digits for the first time since last summer - down from 10.1% in March to 8.7% in April.

Finally, the cost of living crisis - or rather the rate at which the crisis is worsening - is beginning to abate.

However, core inflation, measuring the rate of price changes stripped of fuel and food prices, rose from 6.2% to 6.8%, the highest level in three decades, suggesting there's a chance inflation is becoming embedded in the economy.

UK economy latest: https://news.sky.com/story/uk-inflation-announcement-latest-live-updates-12615118

#costoflivingcrisis #inflation #skynews

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Category: News and politics
Tags: inflation forecast 2023, budget 2023, uk economy 2023

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