Skip to Content

UK homeowners get some respite as inflation falls by more than anticipated to a 15-month low


Associated Press

LONDON (AP) — Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that offered struggling homeowners hope that interest rates will not rise as much as feared over the coming months. The Office for National Statistics said Wednesday that inflation fell to 7.9% in the year to June from 8.7% the previous month. Economists had expected a more modest decline to 8.2%. Despite the decline, inflation is still running far higher than the Bank of England’s target rate of 2%. As a result, the central bank is expected to raise its main interest rate further at its upcoming meeting in early August.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press


KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content