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UK inflation slows to central bank's 2% target

World News

2024-06-19 | 01:27

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UK inflation slows to central bank's 2% target

Britain's annual inflation rate slowed in May to the central bank's two-percent target, official data showed Wednesday, giving Prime Minister Rishi Sunak's struggling election campaign a boost.

After peaking at 11.1 percent in October 2022, consumer price growth has cooled following a series of interest-rate hikes by the Bank of England.

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