Inflation falls to four-year low
The rate of Consumer Price Index inflation has fallen to a four-year low of 1.7% last month. The main factor in the decline was fuel prices. The rate of Retail Price Index inflation dropped to 2.7%.
The rate of Consumer Price Index inflation has fallen to a four-year low of 1.7% last month. The main factor in the decline was fuel prices. The rate of Retail Price Index inflation dropped to 2.7%.
It's good to see inflation falling again. Our #LongTermEconomicPlan is helping provide stability and security #ForHardworkingPeople.
Wages should begin to grow with the economy, setting the stage for living standards to improve, but there is a lot of ground to make up.
Figures on rising private sector wages are politically explosive and could change the debate on the economy.