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UBS On-Air: Paul Donovan Daily Audio 'The EU’s naughty list'
Published 1 year, 6 months ago
Description
May UK inflation data was as expected across the multiple measures released today. Headline consumer price inflation was 2%. The decline in inflation has almost nothing to do with government policy, and not that much to do with the Bank of England—a lot of this is the natural slowing of temporary inflation drivers. Durable goods prices sank further into deflation.