BREAKING: Inflation in Britain has dropped to 7.9% in the year up to June, according to the Office for National Statistics.
‘Recent ONS figures revealed food and soft drink costs were up 18.4% year-on-year, while the price of flights soared by 20% and the cost of things like live music tickets, toys and package holidays have climbed by nearly 7% year-on-year.Rishi Sunak, whose favourability plummeted to the lowest level since taking office last week, has pledged to halve inflation by the end of the year.
Despite today’s drop, the consensus among economists is that the prime minister will not fulfill his promise to voters.Energy security secretary Grant Shapps said inflation remained ‘far too high’ but that it was ‘moving in the right direction’. Speaking to Times Radio, he said: ‘It is good to see the inflation figures coming down as much as that.
‘We’ve been doing a lot of things to try to support people through this period of high inflation caused by the shock in energy prices.‘It is still far too high and a big cost, but nonetheless moving in the right direction now.’
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