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Relief as inflation drops to 17-month low
The measure of changes in overall prices dropped to 7.74 per cent from 10.05 per cent in June, marking the biggest drop in the month-on-month inflation which has now shed a dozen points since November.
Inflation dropped to a 17-month low in July, setting the stage for a further reduction in interest rates to the benefit of consumers and businesses.
The measure of changes in overall prices dropped to 7.74 per cent from 10.05 per cent in June, marking the biggest drop in the month-on-month inflation which has now shed a dozen points since November.
