Boost for interest rates cut as fuel price drop helps inflation tumble to 3%
Briefly

Boost for interest rates cut as fuel price drop helps inflation tumble to 3%
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"UK inflation has fallen to the lowest level in nearly a year after a drop in airfares, petrol and food prices paving the way for interest rates cuts as soon as next month. Official figures show inflation tumbled to 3 per cent in January, with economists predicting it is now on track to drop to the government target 2 per cent by April."
The Independent reports across reproductive rights, climate change and Big Tech, deploying journalists to investigate financials, produce documentaries and speak to both sides of stories. The outlet emphasizes parsing facts from messaging, remains accessible without paywalls, and seeks donations to fund on-the-ground journalism paid for by those who can afford it. UK inflation dropped to 3% in January after falls in airfares, petrol and food, returning the Consumer Price Index to a gradual downward trend and putting it on track to reach the 2% target by April. Falling inflation, alongside rising unemployment and slowing wage growth, increases expectations of Bank of England interest-rate cuts, which would ease borrowing costs for homeowners.
Read at www.independent.co.uk
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