Channel 4 News published this video item, entitled “UK inflation falls but still among highest of major economies” – below is their description.
Inflation has eased more than expected, falling to 7.9%.
That’s led to predictions that interest rates may not go up as much as feared.
The markets now expect them to peak no higher than 6% by end of the year – still an eye watering increase on a year or so ago.
The fall in inflation was driven by a sharp drop in the price of fuel. Food prices are still rising, but at a slower pace.
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