Quarter 2 started with US employment numbers, retail sales and Consumer Price Index (CPI) inflation data coming in higher than expected. However, all abated as the quarter progressed. As of May, UK inflation data had dropped all the way back to the Bank of England's (BoE) 2% target but now commentators and the central bank are worried about sticky service and wage inflation.

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W.H. Ireland Group plc published this content on 09 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 July 2024 15:04:03 UTC.