Hunt hit by inflation 'miss' and benefits bill
Evening Standard|May 22, 2024
JEREMY HUNT was dealt a double blow today as a smaller than expected fall in the rate of inflation hit hopes of a rate cut in June, while worse than expected public finance figures limited the Chancellor's scope for a pre-Budget tax cut.
Jonathan Prynn
Hunt hit by inflation 'miss' and benefits bill

The Consumer Prices Index (CPI) the headline measure of the rising cost of living-rose by 2.3% compared with City forecasts of 2.1%.

Although a sharp fall from March's figure of 3.2%, the "miss" was big enough to alarm City markets and send traders and economists to rewrite their expectations for rate cuts from the Bank of England.

Bu hikaye Evening Standard dergisinin May 22, 2024 sayısından alınmıştır.

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Bu hikaye Evening Standard dergisinin May 22, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

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