UK inflation falls to 8.2%, lowest in one year
LONDON, England: In June, the UK's inflation rate fell more than expected to the lowest level in over a year.
The data will reduce pressure on the Bank of England to continue its efforts to raise interest rates.
As consumer price inflation growth fell to its lowest level since March 2022, the British Pound weakened and investors scaled back their bets on future increases in borrowing costs.
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