Some economists believe the arrival of Taylor Swift for her Eras tour led to higher prices in Britain in June – but the full picture is more complicated
Hopes of August rate cut fall as inflation stays at 2%
Inflation is back down to more normal levels. But at the Bank of England, there are concerns that the battle to keep it close to the 2% target set by the previous government has yet to be decisively won.
Official figures from June show the headline measure remained bang on target for a second month in a row, raising hopes that the worst of the inflationary burst after the exit from Covid lockdowns and the Russian invasion of Ukraine has passed.
Continue reading…Some economists believe the arrival of Taylor Swift for her Eras tour led to higher prices in Britain in June – but the full picture is more complicatedHopes of August rate cut fall as inflation stays at 2%Inflation is back down to more normal levels. But at the Bank of England, there are concerns that the battle to keep it close to the 2% target set by the previous government has yet to be decisively won.Official figures from June show the headline measure remained bang on target for a second month in a row, raising hopes that the worst of the inflationary burst after the exit from Covid lockdowns and the Russian invasion of Ukraine has passed. Continue reading…