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Podcast: Beyond Currency
Episode: 17 August 2023 - Producer prices point towards lower inflation
Description: Good news about inflation has been in short supply for quite some time, but yesterday the Government and Bank of England will have been buoyed by the news that headline price increases fell by more than one percent in July.
While the data had been expected to show a significant improvement, the news was nonetheless gratefully received.
Headline inflation that had been at 7.9% in June, came in at 6.8%, while the core, which has the more volatile items like food and energy stripped out, was unchanged at 6.9%.
Despite inflation seeing a considerable improvement, it is still far too high for the...