scorecardresearchUK Inflation Rate Slips From 40-Year High With Drop in Petrol Prices

UK Inflation Rate Slips From 40-Year High With Drop in Petrol Prices

Updated: 14 Sep 2022, 12:45 PM IST
TL;DR.
Britain’s inflation rate eased from its highest rate in four decades after petrol declined, but still leaving the pace of price increases uncomfortably high for the Bank of England.
LOS ANGELES, CALIFORNIA - SEPTEMBER 13: People shop in a Target store on September 13, 2022 in Los Angeles, California. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.1 percent from July, after no increase the previous month, as inflationary pressures continue.   Mario Tama/Getty Images/AFP

LOS ANGELES, CALIFORNIA - SEPTEMBER 13: People shop in a Target store on September 13, 2022 in Los Angeles, California. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.1 percent from July, after no increase the previous month, as inflationary pressures continue. Mario Tama/Getty Images/AFP