Inflation in the UK has fallen below the Bank of England’s desired two per cent target for the first time in three years, according to the latest Office for National Statistics (ONS) figures.
The consumer price index (CPI) rate eased to 1.7 percent for the 12 months to September 2024 in a boon for Britain’s economy following the cost of living crisis.
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The Bank of England is likely to cut interest rates once again this year GETTY
