UK Latest: Inflation Falls Less Than Expected

The video discusses the recent drop in CPI, which was higher than expected due to transport costs, while food and energy costs decreased. Analysts predict a peak rate of 6% for the UK, potentially triggering a recession. Despite expectations, core inflation remains steady, and services inflation has risen. The Bank of England is concerned about domestically generated inflation, influenced by wage growth, leading to a slight rise in the pound.

What was the main reason for the CPI being slightly higher than expected?

• Hot wage data

• Rising food prices

• Increased transport costs

• Decreased energy costs

What is the predicted peak rate for the UK, according to analysts?

• 4%

• 5%

• 6%

• 7%

Which costs were the main drivers for the downward trend in inflation?

• Wages and salaries

• Transport and services

• Food and energy

• Rents and airfares

What has caused services inflation to rise to its highest since March 1992?

• Higher food prices

• Rising rents and airfares

• Decreased energy costs

• Increased transport costs

What is the Bank of England's main concern regarding inflation?

• Global oil prices

• Domestically generated inflation

• International trade

• Foreign exchange rates