U.K. inflation rate falls more than expected in July, core rate steady


The U.K.’s inflation rate fell a little more than expected in July, though with the key core rate holding steady, the pressure remains on the Bank of England as it considers another interest-rate hike next month.

Consumer prices were 6.8% higher in July than the same month a year earlier, easing from the 7.9% increase recorded in June, the Office for National Statistics said Wednesday.


This article was originally published by Marketwatch.com. Read the original article here.

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