UK’s Hunt: We’re on track to halve inflation this year, may see a blip in September

“We are on track to halve inflation this year and by sticking to our plan we will ease the pressure on families and businesses alike," said UK Finance Minister Jeremy Hunt during the weekend per Reuters.

The policymaker also told the BBC that he thinks of witnessing a blip in inflation in September but after that the Bank of England is saying it will fall down to around 5%.

More to come