Inflation finally falls back to its 2% target

Evening Standard 2024-06-19

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The rate of inflation has finally fallen back to its 2% target for the first time in almost three years.Latest data from the Office for National Statistics (ONS) show that the Consumer Prices Index (CPI) the headline measure of inflation, rose by 2.0% in the year to May, down from 2.3% in April. That was in line with City expectations.

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