What happened on 21st June 2023 - with your comments in the Web
On Wednesday, the Sky News reported that s tubbornly high inflation increases pressure for interest rate hike . The cost of second-hand cars, flights, live music events and computer games kept the inflation rate higher than expected, despite the drop in petrol prices. The rate of price rises has remained at 8.7% despite expectations of a fall, according to official figures. The Office for National Statistics (ONS) announced the consumer price index measure of inflation stood at 8.7% in the year up to May, the same as the rate in April. A slight decrease, to 8.4%, had been expected by economists. It puts the government's pledge to halve inflation this year in doubt. The rate has been kept high due to the rising cost of second-hand cars, live music events and computer games, the ONS chief economist said, though they were partially offset by the fall in petrol prices. More expensive flights were also partially to blame, the ONS said. ...