Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation in Britain slowed to the target 2% in May for the first time since July 2021

June, 19 2024
watermark Economic news

According to the UK National Statistics Office (ONS), consumer prices rose by 2% year-on-year in May. This means a slowdown in inflation from 2.3% in April and reaching the Bank of England's target level for the first time since July 2021. Analysts also predicted a decline to 2%.


On a monthly basis, consumer prices increased by 0.3%, similar to April.


The consumer price index excluding food, alcohol, tobacco and energy (core inflation, CPI Core) increased by 3.5% y/y, which is the lowest value since October 2021, and by 0.5% on a monthly basis. In April, these figures were 3.9% and 0.9%, respectively.


Retail price growth (RPI) slowed to 3% y/y from 3.3% in April. This index is used by British employers to negotiate salaries. The difference in the dynamics of the CPI and RPI indices is explained by taking into account housing costs in RPI and the different weights of air fares, insurance and gasoline prices.


On a monthly basis, the RPI increased by 0.4% after an increase of 0.5% in the previous month.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.