Its 3% or so. No it isnt good.
Comment on British inflation hits lowest in almost a year
tetris11@feddit.uk 10 hours ago
Is that good? I never know
FarceOfWill@infosec.pub 8 hours ago
FishFace@piefed.social 7 hours ago
3% is fine. The Bank of England’s target is 2%, but there’s a margin within which things are OK. The Bank only has to explain what measures its taking to correct inflation if it’s more than one percentage point off, so 3% is just about there. Worldwide, central banks tend to have target ranges that start at about 2% and go up to 4 or 5% (figures obtained from intense wikipediaing).
And for reference, you can see the UK’s historical interest rates here.
Egonallanon@feddit.uk 9 hours ago
It means prices are going up slower so it’s good. Though note this is an average so the price raises apply unevenly.