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Inflation Rate in the UK Decreased Last Month

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Inflation Rate in the UK Decreased Last Month

The inflation rate in the UK decreased last month

The inflation rate in the UK decreased last month and reached 8.7%, which is lower than the inflation rate of the previous month

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The inflation rate in the UK decreased last monthEnglish

Government figures reported this rate at 10.1% in April, making the UK the only developed country where the inflation rate remained in double digits

While in recent decades, price increases in the UK were generally below the 2% target set by the central bank, over the past eighteen months, the consequences of the COVID-19 pandemic and subsequently the rapid rise in food and fuel prices due to the Ukraine war have significantly increased this rate

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