The inflation rate in Britain decreased in the past month.
The inflation rate in Britain decreased in the past month and reached 87%, which is lower than the inflation rate in the previous month.
Government figures reported this rate as 101% in April, making Britain the only advanced country where the inflation rate remained in double digits.
While price increases in Britain have generally been below the Central Bank’s target rate of 2% in recent decades, over the past eighteen months, the widespread effects of the coronavirus pandemic and subsequent rapid increases in food and fuel prices due to the Ukraine war have led to a significant increase in this rate.
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