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.