June Inflation Holds at Bank of England’s 2 Percent Target

Published on July 17, 2024

Inflation remained unchanged in June, aligning with the Bank of England’s 2 percent target for the second consecutive month, according to official data. The stability of the price growth follows a period of elevated inflation rates that had impacted households due to rising food and energy prices. Currently, inflation remains well below its recent annual peak of 11.1 percent in October 2022. The Office for National Statistics (ONS) reported that while the headline rate held in June, there were some fluctuations in specific sectors. Prices for restaurants and hotels grew by 0.9 percent between May and June. The ONS said that hotels drove the rise in the annual rate, accounting for a monthly rise of 8.8 percent....

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Former SNP Equalities Officer Jailed for Sexual and Violent Offences

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