Cost of Living: Inflation 'stickier' than expected as core inflation surprises with rise to 7.1%
June 21, 2023
4,455
27
17
0.99%
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2:57Now PlayingCost of Living: Inflation 'stickier' than expected as core inflation surprises with rise to 7.1%
YouTube Description
as posted by the channelInflation has remained at 8.7% despite expectations of a fall. However, core inflation, the rate of price rises excluding volatile price changes such as energy and food, rose by 7.1% in the 12 months to May 2023.
As a result, interest rate projections have increased and interest rates are expected by investors to peak at 6% next March, but could reach the new high as soon as December.
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#ukinflation #bankofengland #skynews
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