On Wednesday, the latest official figures are expected to show that inflation will drop below 10%, for the first time since August last year. A consensus of economists stated that the Office for National Statistics (ONS) is set to reveal that the rate of Consumer Prices Index (CPI) inflation fell to 9.8% in the previous month. This will mark a return to a decline in inflation after a surprising increase to 10.4% in February, which was mainly attributed to the skyrocketing costs of food.
After an unexpected rise in February, inflation anticipated to decrease once more.
- 6 May 2023
- 299 Views
Jack Wilson is an experienced finance writer and analyst with a deep understanding of the global economy, stock market, and personal finance. He holds an MBA in Finance and has worked in the industry for over 12 years. Jack's insights and commentary have been featured in various financial publications. In his spare time, he enjoys investing and following the latest market trends.
The Ethics of Sainsbury’s CEO Pay: Is a
7 June 2023
Crucial Vote to Decide Fate of CBI Amidst
6 June 2023