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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

The Independent on MSN · 1d

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 to climb. The rate of Consumer Prices Index inflation rose to 3.8 per cent in July from 3.6 cent in June, the Office for National Statistics said on Wednesday.

The Financial Times · 1d

UK inflation rises more than expected to 3.8% in July

UK inflation accelerated more than expected to 3.8 per cent in July on the back of higher food prices and airfares, deepening doubts over whether the Bank of England will cut interest rates again this year to support lacklustre growth.

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.

The Financial Times · 1d

Firm UK inflation in July piles pressure on Bank of England

In July, headline CPI inflation in the UK rose at an annual rate of 3.8 per cent, above market expectations of a 3.7 per cent rise, but in line with BoE expectations Services inflation was also stronger than markets expected although it was boosted by erratic items Not all the news in the UK’s July inflation data was bad.

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.

1don MSN

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 ...

1don MSN

Why UK Inflation Is So High and What It Means for Interest Rates

While a post-pandemic burst of inflation has abated across much of the developed world, the UK is still stuck with the ...

MoneyWeek16h

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 ...

MercoPress8h

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 ...

Insider7h

UK inflation: What does 3.8 per cent rate mean for mortgages and homeowners?

UK inflation rose to 3.8 per cent in July, up from 3.6 per cent in June, keeping the rate stuck at its highest level ...

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 ...

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 ...

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