Global Banking Monitor

Monday, September 16, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

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HomeBankingUK Inflation Dips Below...

UK Inflation Dips Below 8% for First Time in Over a Year

By Pete Sadler
Image by Gerd Altmann from Pixabay

Britain’s inflation rate dropped to the lowest in 15 months, fueling hopes among investors and economists of a shift away from the worst price spiral in the Group of Seven nations.

Official data showed that annual consumer price growth cooled sharply to 7.9% in June from 8.7% the previous month, marking the first time in five months that the headline reading came in lower than expected. Underlying pressures also retreated from their highest in three decades.

Read More : UK Inflation Dips Below 8% for First Time in Over a Year

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