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Montevideo, November 22nd 2018 - 11:20 UTC

Tag: Mike Hardie ONS

  • Thursday, August 16th 2018 - 10:40 UTC

    UK inflation in July climbed to 2.5%: a blip or a trend?

    Inflation in UK had been subdued for several years prior to the vote to leave EU in June 2016. But the vote caused a fall in the value of the pound, pushing inflation.

    UK inflation climbed in July as had been expected, according to the latest data from the Office of National Statistics, ONS, released on Wednesday. ONS reported that the rate of consumer price inflation, the most-watched measure, increased from 2.4% in June to 2.5% in July, reversing a trend of gradually declining inflation over the course of 2018.