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Why Sunak will struggle to win the credit for falling inflation

19 June 2024

7:22 PM

19 June 2024

7:22 PM

After a three-year saga, inflation has finally returned to the Bank of England’s target. The Office for National Statistics reports this morning that the inflation rate slowed to 2 per cent in the 12 months to May 2024: its lowest point since July 2021.

The greatest contribution came from another slowdown in food and non-alcoholic beverages: having once peaked at a staggering 19.1

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