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Gate Square New & Returning Creator Rewards are ongoing!
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#CPI数据公布，看涨还是看跌？
UK July CPI data rose to 2.2%, above the 2% target of the UK Central Bank. The market expected 2.3%. The UK Central Bank, when it lowered the Intrerest Rate from a 16-year high of 5.25% at the beginning of this month, indicated that the 2% inflation data in May and June may mark the low point of inflation.
The Central Bank of the UK expects that, as the impact of the significant drop in energy prices in 2023 gradually fades, the CPI in July will rise to 2.4%, reaching around 2.75% by the end of this year, and then falling to 2% in the first half of 2026.
The UK inflation rate hit a 41-year high of 11.1% in October 2022, driven by soaring energy and food prices following the Russia-Ukraine conflict, as well as labor shortages and Supply Chain disruptions caused by the COVID-19 pandemic.