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UK inflation rises by more than expected

UK inflation rises by more than expected to 3.8%, largely driven by air fares

UK inflation rises to 3.8%, the Office for National Statistics says, the highest since January 2024. Chief economist Grant Fitzner says the main driver of inflation was higher air

Reuters on MSN · 1d

UK inflation rises to highest since early 2024 at 3.8%

British inflation hit its highest in 18 months in July when it increased to 3.8% from 3.6%, official data showed on Wednesday, once again leaving the country with the fastest rate of price increases among the world's largest rich economies.

The Independent on MSN · 1d

Why inflation has risen above expectations – and what it means for you

Ben Plowden, chief executive of lobby group Campaign for Better Transport, said: “Today’s inflation figure could mean a big fare rise for rail passengers next year, especially if the Government decides to go with an above-inflation increase like we saw this year.

UK inflation heat puts Bank of England

Reuters · 1d

UK inflation heat puts Bank of England back in the spotlight

British inflation looks set to hit 4% next month, double the Bank of England's target and a level likely to add to nervousness at the central bank about the risk of price growth getting stuck at a stubbornly high rate.

Financial Times · 1d

Firm UK inflation in July piles pressure on Bank of England

In July, headline consumer price inflation in the UK rose at an annual rate of 3.8 per cent, above market expectations of a 3.7 per cent rise and stronger than June’s 3.6 per cent increase. It was in line with BoE expectations.

The Wall Street Journal on MSN · 1d

U.K. Inflation Gains Pace, Likely Keeping Bank of England From Fresh Rate Cuts

Consumer prices were 3.8% higher in July than the same month last year, as annual inflation rose to an 18-month high in the U.K.

July UK CPI: Inflation Heats Up, But The BoE May Look Through The Noise

UK inflation rose unexpectedly in July, led by energy and airfares, but core pressures remain nuanced. Markets signal BoE may ...

MoneyWeek19h

UK inflation hits highest level in 18 months

The Bank of England currently expects inflation to hit 4% in September, the all-important month for pensioners. Wage growth ...

1don MSN

Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes

Higher food and airfare prices pushed U.K. inflation above expectations in July. The development has tempered market ...

MercoPress11h

Stubborn inflation in UK, 3.8% in twelve months to July with air fares, fuel and food prices leading

The U.K.’s annual inflation rate was higher than expected at 3.8% in July, according to data released by the Office for National Statistics (ONS) on Wednesday. Most economists had anticipated ...

UK inflation rises to 3.8%, driven by high accommodation and travel costs

Transport was the biggest factor driving up overall inflation in July, particularly due to a spike in flight prices as ...

1don MSN

Inflation live: UK rate rises to 19-month high due to food prices and air fares, ONS says

The cost of living in the UK rose higher than expected last month to a 19-month high as food prices and air fares continued ...

UK Inflation Accelerated to 18-Month High in July

UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of ...

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