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Experts predict a decrease in inflation in the UK service sector

May, 21 2025

An analysis of UK inflation data showed a sharp increase in the service sector. The main reasons were the increase in the road tax and the dates of Easter celebrations. According to forecasts, this growth is temporary: service sector inflation, which reached 5.4% in April, will drop to 4.5% this summer, in line with the Bank of England's plans to cut rates through 2026.About half of the increase in inflation is due to the change in the road tax, the effect of which will disappear from the annual... Read More

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