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Evening Standard

World

Rachael Burford

Hope for relief on mortgage rates as inflation falls to lowest level in 15 months

ING Jeremy Hunt Inflation Bank of England

Inflation fell further than expected on Wednesday, fuelling hopes that the upward pressure on mortgage rates could begin to ease.

Consumer Prices Index inflation was 7.9 per cent in June, down from 8.7 per cent in May – its lowest level in 15 months, according to Office for National Statistics data.

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