Independent Mortgages Direct NE

Inflation Falling Graph With Union Jack

Inflation Falls to 7.9%

Annual Inflation fell from 8.7% to 7.9% in June with Core Inflation also falling back after hitting a 30 year high in May

These reductions are a good sign but may not be enough to stop the Bank of England (BoE) increasing the base rate further to maintain the downward trend.

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Gary Howe
Qualified and experienced Mortgage Broker and Principle of IMDNE with over 30 years experience looking after retail mortgage customers. Authorised and Regulated by the Financial Conduct Authority (FCA Ref 301727) and a member of the Association of Mortgage Intermediaries (AMI).