UK inflation: What is the rate and why are prices still rising?
Source: BBC
BBCPrices in the UK rose by 3.6% in the 12 months to June, driven by increases in the cost of food and fuel. It means inflation remains above the Bank of England's 2% target.The Bank moves interest rates up and down to try to keep inflation at that level, and has cut interest rates four times since August 2024. What is inflation? Inflation is the increase in the price of something over time. For example, if a…
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