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Monday, May 6, 2024

UK inflation drops to 15-month low

Finance minister encouraged but says ‘we’re not yet at the finish line’

UK annual inflation dropped sharply to 6.8% in July, easing a cost-of-living crisis that has pushed up prices of goods. (Photo: AFP)

LONDON: Britain’s annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists’ expectations.

The Consumer Prices…

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