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UK inflation outlook
Lower oil prices are generally good news for the UK economy. They reduce the cost of importing fuel and manufacturing goods, which can help to slow down the rate of inflation. This means your money might go a bit further, and it could influence decisions by the Bank of England on interest rates, affecting mortgages and savings.
Stories that explain this
Oil falls as Qatar, Oman near deal to reopen Strait of Hormuz Oil prices drop 4% as US-Iran pause, but one threat remains Crude oil prices fall back below 104 dollars as Saudi supply fears easeRelated explainers
Petrol prices to fall? Your energy bills Geopolitical stability Global shipping costs Global supply chains Global trade routes Your heating bill impact Your household billsThe full catalogue
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