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The Latest Breaking News from Inflation

Average UK house price increased by 1.1% annually in April

The house price figures were released as data showed that Consumer Prices Index (CPI) inflation slowed to 2% in May.

The Independent UK

Research finds horrifying cost of a pint in 2040 if inflation stays at recent levels

Lager prices have soared 11% in a year - but there could be even worse news for drinkers around the corner

The Independent UK

'We got there,' says Rishi Sunak as inflation hits 2% after 11% peak as cost-of-living crisis grew

In rare glimmer of good news for the Tories, inflation dropped to the Bank of England’s two per cent target in May

Evening Standard

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UK Inflation Slows To Central Bank's 2% Target

British inflation slowed in May to the central bank's two-percent target, official data showed Wednesday, boosting Prime Minister Rishi Sunak's struggling election campaign.

International Business Times

Upbeat inflation news may be too little, far too late for Sunak

It will take time for voters to forget the financial toll from the highest inflation in four decades – and time is not on the PM’s side

The Guardian - UK

How could the new inflation rate affect food prices and bills?

UK inflation slowed to 2 per cent in May, dropping to its lowest level since July 2021

The Independent UK

UK inflation rate falls to lowest level in almost three years

Inflation has returned to the 2 per cent target for the first time in almost three years in what comes at a critical time, just weeks before the…

The National (Scotland)

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FTSE 100 Live 19 June: UK inflation hits Bank of England's 2% target, blue-chips slightly lower

The UK’s inflation rate today slowed to 2%, its lowest level in almost three years.

Evening Standard

UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 years

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

The Independent UK

Inflation finally falls back to its 2% target in major victory for the Bank of England

CPI inflation was last at 2% in July 2021 but rose rapidly to peak at a 41 year high of 11.1% in October 2022

Evening Standard

Inflation drops to Bank of England’s 2% target for first time in almost three years

Inflation dropped to 2% in May, down from 2.3% in April, according to the Office for National Statistics

The Independent UK

Labour says pressure on family finances still acute as UK inflation falls to 2%

Rachel Reeves warns cost of living crisis is not over, as inflation hits official target for first time in three years

The Guardian - UK

UK inflation falls back to official 2% target as food prices rise at slowest rate since 2021 – as it happened

Inflation returns to target for first time since July 2021; breakfast cereal, crisps, vegetables become cheaper

The Guardian - UK

Tory government ‘worst in postwar era’, claims expert study – as it happened

Sir Anthony Seldon leads analysis that concludes that equality, growth and the UK’s standing in the world have all declined since 2010

The Guardian - AU

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The Conversation

Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her press conference after each Reserve Bank board meeting.

Roll Call

CBO: Deficits and inflation higher, but so is economic growth - Roll Call

The fiscal situation has worsened, with spending higher than expected and revenue lower, the Congressional Budget Office said.

AAP

Inflation-wary Reserve Bank spells long wait for cuts

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

International Business Times

Senior US Fed Official Optimistic About Inflation Fight

A senior Federal Reserve official said Tuesday that she is optimistic about the US central bank's progress against inflation, and expects it will be appropriate to start interest rate cuts this year.

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Top News

Consumer Spending Holds Steady Amid High Inflation And Interest Rates

Consumer spending in May showed a slight uptick despite concerns over inflation and interest rates. Retail sales rose by 0.1%, falling below projections, w...

The Independent UK

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending

Evening Standard

The economic outlook is finally picking up — just in time for Starmer and Reeves

City Comment: The economic tone seems to be improving, but it might all hang on a tenth of a percentage point in this week’s inflation figures

Evening Standard

Inflation set to hit Bank of England's 2% target, but MPC not expected to cut interest rates

Inflation is set to hit the Bank of England’s target figure for the first time since July 2021

Evening Standard

The Bank of England must ignore Taylor Swift and cut interest rates now

City Voices: It’ll be a Cruel Summer if Andrew Bailey and the Bank of England don’t offer some relief on interest rates

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