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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: UK inflation drops to 2.6%; markets eye Bank of England's next rate decision

Britain's annual consumer price inflation slowed to 2.6% in June from 2.8% in May, offering fresh signs that price pressures are easing after a recent surge in energy costs, according to official data released on Wednesday.

According to Reuters, economists had expected inflation to ease to 2.7% in June. The softer-than-expected reading came as energy prices moderated following a ceasefire that reduced the impact of the Iran conflict on global energy markets.

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