Bank Of Baku

UK inflation drops to 6.8%

UK inflation drops to 6.8%
# 16 August 2023 11:25 (UTC +04:00)

Inflation in the United Kingdom dropped to 6.8% in the year to July from 7.9% in June, according to the Office for National Statistics, APA reports citing BBC.

Reacting to the UK inflation rate falling to 6.8%, Labour's shadow chancellor Rachel Reeves said: "Inflation in Britain remains high and higher than many other major economies".

"After 13 years of economic chaos and incompetence under the Conservatives, working people are worse off - with higher energy bills and prices in the shops," she said.

"Labour's plan to build a strong economy will make working people better off by boosting growth, improving living standards and cutting household bills."

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