Global Economic News

UK Inflation At 4-Year Low

UK inflation eased to a four-year low in May largely driven by lower costs for petrol and recreational and cultural goods, adding pressure on the central bank to ease monetary policy further.

Consumer price inflation eased to 0.5 percent in May, as expected, from 0.8 percent in April, the Office for National Statistics said Wednesday.

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by RTTNews Staff Writer

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