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UK inflation falls to 3.2% in March, but underlying causes remain uncertain /
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2024-05-08 14:55:53

UK inflation falls to 3.2% in March, but underlying causes remain uncertain on Nostr: UK inflation falls to 3.2% in March, but underlying causes remain uncertain ...

UK inflation falls to 3.2% in March, but underlying causes remain uncertain
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#c91a7ba4 ver:0.1

UK inflation falls to 3.2% in March, showing signs of improvement for the economy. Food prices drop, core inflation decreases, and forecasts predict further decline. However, reaching the Bank of England's 2% target may take until 2025. Positive indicators include rising consumer confidence, private sector expansion, and low unemployment. Inflation drop is a temporary effect due to easing of lockdown restrictions. Oman's inflation rate increases by 0.2% in March, driven by food and beverage prices. UK interest rate cuts expected in August, pending US actions. #UKeconomy #inflation #economicrecovery...

#newstr #UkInflation #OmanInflation #InterestRates #BankOfEngland #UsFederalReserve

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