UK Inflation Falls to 7.9% in June: Drops 0.8% from May

Good news for UK households! The latest figures reveal that UK inflation has fallen more than expected, dropping to 7.9% in June, a significant decrease of 0.8% from the 8.7% recorded in May. This represents a 15-month low and offers some respite from the cost of living crisis.

According to the Office for National Statistics (ONS), The rate of price growth fell to 7.9 per cent in June, down from 8.7 per cent in May. Markets expected the reading to fall, but the actual decrease surpassed expectations. Inflation fell more than expected to 7.9% in June, down from 8.7% in May, the Office for National Statistics said on Wednesday. The consumer price index measure of British inflation fell by more than expected in June and was its slowest in more than a year at 7.9%, according to official data that will ease some of the pressure on the Bank.

This positive development will undoubtedly ease concerns for Bank of England (BoE) policymakers who have been battling against runaway prices. UK inflation dropped to a 15-month low of 7.9% in the year to June, easing concerns for Bank of England (BoE) policymakers who are battling against runaway prices. It. Several factors contributed to this welcome decline.

Falling fuel costs, the first drop in raw materials prices since 2025 and a reduced rate of food bill rises has helped bring the inflation rate down. While this is a positive step, Inflation: 'There's a long way to go, and further efforts are needed to bring inflation back to the Bank of England's target of 2%.

Inflation in the UK fell more than expected in June at 7.9% annually, down from 8.7% in May, amid a sharp drop in energy prices, official data showed. This eases forecasts on how aggressively the Bank of England might need to raise interest rates in the coming months. Stay tuned for further updates as we continue to monitor the UK's economic landscape.