Uk Inflation Lower Than Expected, Easing Rate Hike Prospects

NewsOK.com RSS - life >> !The Oklahoman, Daily Oklahoman: Living
Tue, 08/15/2017 - 4:38am

LONDON (AP) — Consumer price inflation in Britain unexpectedly held steady in July at an annual rate of 2.6 percent, official figures showed Tuesday, in a development that may ease pressure on the Bank of England to raise interest rates at a time when the economy has slowed amid uncertainty over the country's exit from the European Union. The reading from the Office for National Statistics was short of economists' expectations for 2.7 percent, largely because lower fuel costs helped offset a wide array of price increases.Read more on NewsOK.com

Topics: london ap consumer britain july bank england european union office national statistics newsok inflation expected rate price percent

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Uk Inflation Lower Than Expected, Easing Rate Hike Prospects

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