UK inflation slowed to a near five-year low in August largely driven by subsidies provided for eating out and lower taxes, the Office for National Statistics reported Wednesday.
Inflation eased less-than-expected to 0.2 percent in August from 1 percent in July. Prices were forecast to climb 0.1 percent. But this was the lowest rate since December 2015.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.