UK inflation has stayed above the Bank of England target, remaining at 2.2% in the 12 months to August. This is the same figure that was recorded in July. Inflation had previously fell to the Bank of England target of 2% in May this year. It remained at this level in June. The previous drop in inflation had paved the way for the first Bank of England interest rate cut since March 2020. Inflation shows how the price of goods and services has changed over time, with the Consumer Price Index (CPI)

Tag-uri: Inflatie