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UK inflation edges lower as energy prices soften and supply-chain pressures ease
UK inflation eased slightly as energy and goods prices moderated, though services inflation remains elevated.
UK consumer inflation edged lower in the latest data release as easing energy prices and improved supply-chain conditions helped moderate price levels across key categories. Core inflation also saw a modest decline, driven by softer goods inflation and restrained wage pressures. Economists noted that while the trend is encouraging, services inflation remains sticky and could limit the pace of monetary easing by the Bank of England. Retailers reported mixed demand patterns, with discretionary spending still under pressure.
Policymakers continue to monitor how declining inflation interacts with broader economic recovery signals.