UK inflation back to target for first time since 2021

By David Milliken and Suban Abdulla
Updated June 19 2024 - 4:25pm, first published 4:18pm
The Bank of England says a return of inflation to its target isn't enough on its own to cut rates. (AP PHOTO)
The Bank of England says a return of inflation to its target isn't enough on its own to cut rates. (AP PHOTO)

British inflation returned to its two per cent target in May for the first time in nearly three years, official figures show, as the economic effect of the COVID-19 pandemic and Russia's full-scale invasion of Ukraine faded.

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