What are the key contributors to sticky services inflation? | Morning Markets

Today, Chris Leyland, Director of Investment Strategy, looks at the new UK inflation data and what it may say about the potential direction of interest rate policy. Services inflation remaining sticky at 5.7% could be a sign for concern with the largest upward contributions coming from the cost of restaurants and hotels. The Bank of England will be watching this figure with a keen eye as it looks to bring in the first interest rate cuts.
#interestrates #ukeconomy #inflation #ukinflation #morningmarkets #truepotential #investing
Download our free guides to ISAs and Pensions at www.truepotent....
If you enjoyed this video, please leave a like, and don’t forget to subscribe to the True Potential RUclips channel for the latest finance news and tips.
For podcast questions and guest enquiries email [e-mail].