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UK inflation rises by more than expected to 3.8%, largely driven by air fares
Economists expected inflation to rise to 3.7%, though the Bank of England forecast for July inflation was 3.76%, slightly higher than consensus. Inflation in the UK has risen to an unexpected 3.8%, the Office for National Statistics says.
Food price inflation also continues to climb, with items such as coffee, fresh orange juice, meat and chocolate seeing the ...
The chancellor will have a particular eye on food inflation because people are especially sensitive to grocery price rises.
Markets ended last week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some ...
According to Bankrate, inflation has climbed 22.7 percent since 2021, while Americans' wages have risen just 21.5 percent.
UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of ...
James Sproule, chief U.K. economist at Handelsbanken, discusses the latest British inflation data and its impact on the Bank ...
Prices in the UK rose by 3.8% in the year to July, driven mainly by a jump in the price of airfares coinciding with the ...
Here's what new data from the producer price index says about where inflation is headed, according to economists.
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