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UK inflation rate drops to 6.8% in July 2023

The consumer prices index (CPI) measure of inflation fell from 7.9% to 6.8% in July 2023, according to the Office for National Statistics (ONS).

Although inflation has dropped slightly, it is still substantially higher than the Bank of England’s 2% inflation target.

Farrell Financial Planning do not give advice on future inflation or interest rate movements.  Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow, Scotland.

Explore our website and discover more about the financial advice services we offer.

All information is correct as at 16/08/23.

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