UK inflation unexpectedly falls to 6.7% in August

04:20

More Videos

In The Belly of AI | Storyteller | Trailer

Raising Expectations: The Truth About AI | Series | Teaser

DNA Business: A Gene Gold Rush | Storyteller | Trailer

Unique water sports experiences of Bosnia and Herzegovina

How is the AI adoption in the Balkan countries?

Kosovo still searching for loved ones three decades after the war

Will justice ever be served for Kosovo war victims?

Ghana’s president: We must end Africa’s “dependency syndrome”| Bigger Than Five Promo

Ghana’s president: We must end Africa’s “dependency syndrome” | Bigger Than Five

Connecting Europe & Asia: Uzbekistan’s Digital Silk Road | NexTech

Europe

UK inflation unexpectedly falls to 6.7% in August

UK inflation came in lower than expected in August, falling for a third straight month. Consumer prices fell to 6-point-7 percent-- the lowest level in 18 months, due to a slowdown in food inflation and a decline in accommodation services. On a monthly basis, headline CPI rose by 0.3 percent. It comes despite a sharp rise in fuel costs over the month. The surprise drop in UK inflation pushed down the value of the pound against us dollar and euro in early trading. as traders bet the Bank of England is nearing the end of its hiking cycle.