Share Prices & Company Research

Press Release

17 July 2019

Inflation holds at Bank of England target

UK Consumer Price Inflation (CPI) remained unchanged last month, meeting the Bank of England’s 2% target for a second consecutive month.

Saul Fulda, Investment Analyst, said: “Motor fuels were the largest downward contributor, while falling electricity and gas prices were also recorded. This drop was counterbalanced by rising prices in clothing and food. Annual house price growth remained slow, with the UK average increasing by 1.2% in the year to May 2019, down from 1.5% in April 2019, but was once again strong in the North West, where prices rose by 3.4% to May 2019.

"London, on the other hand, where house prices fell by 4.4% in the year to May, has experienced its largest annual fall since August 2009. With these figures in view, it is highly unlikely that we will witness a rate-cut in the near future.”

Ends

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Inflation holds at Bank of England target
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