Inflation Reaches Lowest Headline Rate of 3.4 Percent in Over 2 Years

Published on March 20, 2024

Inflation eased in February, reaching the lowest headline rate for nearly two-and-a-half years, official data has shown. Prime Minister Rishi Sunak welcomed the news of a 3.4 percent Consumer Prices Index (CPI) rise, down from 4 percent in January. When Mr. Sunak took office as prime minister, the inflation rate stood at its peak of 11.1 percent. A Reuters poll of economists pointed to an expected annual rate of 3.5 percent. The lower than expected rate in February is “good news for you, your family and the country,” Mr. Sunak said on social media platform X. At 3.4 percent, as reported by the Office of National Statistics on Wednesday, the rate is still higher than the Bank of England (BoE) target of 2 percent. Chancellor Jeremy Hunt said it was forecast to hit the target within months....

Continue reading on website
Other news

Judge Grants Trump’s Request to Appeal Fani Willis Disqualification Decision

March 20, 2024
Fulton County Superior Court Judge Scott McAfee has granted former President Donald Trump’s request for a certificate of immediate review, allowing the former president and seven co-defendants to appeal the judge’s order denying the disqualification of Fulton County District Attorney Fani Willis.The certificate of immediate review, filed on March 20 at the Superior Court of Fulton County, State of

SUNY Orange Proposes Voluntary Workforce Reduction to Bridge Budget Gap

March 20, 2024
SUNY Orange administrators proposed a voluntary early retirement program to county legislators on March 18 to help patch a potential $2 million hole in the upcoming college budget.If the program worked as planned, which would mean 15 or so employees take the separation packages, it could generate over $1 million in savings during its first year, according to Paul Martland, vice president of Admini