British inflation may not be as sticky as thought
Some welcome news for the economy
BRITAIN’S SPUTTERING economy was overdue a bit of good news. On July 19th it arrived, at last: inflation figures covering the year to June showed that the rate of price growth is not proving as stubborn as it had previously appeared. A particularly sharp drop in the headline rate of inflation was accompanied by welcome signs that underlying price pressures are moderating. Together they grant some relief to workers, mortgage-holders, the Bank of England and the government.
This article appeared in the Britain section of the print edition under the headline “Merely bad”
Britain July 22nd 2023
From the July 22nd 2023 edition
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