UK's Hunt says government made 'huge progress' in bring down inflation
- World
- Reuters
- Published Date: 10:26 | 14 February 2024
- Modified Date: 10:26 | 14 February 2024
British finance minister Jeremy Hunt said on Wednesday the government had made "huge progress" in bringing down inflation, after official data showing consumer price inflation holding at 4% in January.
"Inflation never falls in a perfect straight line, but the plan is working; we have made huge progress in bringing inflation down from 11%, and the Bank of England forecast that it will fall to around 2% in a matter of months," Hunt said in a statement.
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