UK inflation rate drops to 6.8% as energy costs ease

1 year ago 24
ARTICLE AD BOX

Breaking News image

UK inflation slowed in July due to falls in the price for gas and electricity, official figures show.

Inflation, which measures how prices change over time, fell to 6.8% in the year to July, down from 7.9% in June.

The reduction was expected by analysts, and there are signs the cost of living could be easing, after figures on Tuesday revealed wages rose 7.8% annually between April and June.

But prices remain high, putting pressure on household finances.

Read Entire Article