Image:
Food inflation remains well above the headline rate but has also fallen, down to 13.6% from las month’s 14.9% figure.
A further hike from the Bank of England remains likely despite the surprise inflation fall to 6.7%, beating consensus predictions of a rise on the back of higher petrol costs.
Headline CPI fell 0.1 percentage points month-on-month in July, while core CPI, excluding energy, food, alcohol and tobacco, fell 0.7 percentage points to 6.2%. Food inflation remains well above...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
