The key points
UK GDP in the second quarter of the year rose at a quarterly rate of 0.4 per cent, slightly better than expected
The GDP deflator, a broad measure of inflation, rose 2.9 per cent in the second quarter, broadly in line with measures of consumer price inflation
The key points
The UK economy held up better than expected between April and June despite the worst of the energy shock falling in that period. Higher market interest rates do not appear to have had a significant impact on output, with growth only slightly slower in the second quarter. However, the weakening trend is likely to accelerate the longer that energy prices stay higher.
