# UK inflation rate slows to 6.8% in July
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2023-08-16
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: UK inflation rate slows to 6.8% in July
Meta Description: Stay updated on the latest news as the UK annual consumer price inflation rate decreases to 6.8% in July, moving away from previous highs.
URL: https://economystandard.com/uk-inflation-rate-slows-to-6-8-in-july/

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## UK inflation rate slows to 6.8% in July   LONDON (Reuters) – British annual consumer price inflation slowed to 6.8% in July, figures from the Office for National Statistics showed on Wednesday.    Economists polled by Reuters had forecast that the CPI rate in the 12 months to July would drop to 6.8% from June’s 7.9%, moving further away from October’s 41-year high of 11.1% but still far above the Bank of England’s 2% target.    The BoE said earlier this month that it expected inflation in July would fall to 6.8%.    The BoE is watching core inflation – which strips out volatile food and energy prices – and consumer services prices closely.    Core inflation remained at 6.9% in July, flat versus the June reading, and higher than expectations in the Reuters poll for a reading of 6.8%.        (Writing by William James, reporting by Andy Bruce and William Schomberg)


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