Next UK government poised to benefit from fall in inflation and fuel prices

Next UK government poised to benefit from fall in inflation and fuel prices
By: The Guardian Posted On: July 01, 2024 View: 15

Pressure on household finances eases as shop price rises slow to 0.2% and petrol costs drop for second monthBritain’s next government is poised to benefit from easing pressure on household finances after a slowdown in inflation in stores and a fall in fuel prices, but costs remain “too expensive” for many families.Figures from the British Retail Consortium (BRC) show that annual UK shop price inflation cooled last month to 0.2%, down from 0.6% in May – the slowest pace since October 2021 – as retailers cut the prices of many of their key products, including butter and coffee. Continue reading...

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