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UK Inflation Rate Fell in July, But Core Rate Held Steady

The U.K.’s inflation rate fell a little more than expected in July, though with the key core rate holding steady, the pressure remains on the Bank of England as it considers another interest-rate hike next month.

Consumer prices were 6.8% higher in July than the same month a year earlier, easing from the 7.9% increase recorded in June, the Office for National Statistics said Wednesday.

Economists…

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This article was written by Follow The author has an honours degree in economics and politics with a focus on economic development. With 36...