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UK inflation jumps more than expected to 3.6%
UNITED KINGDOM, JUL 16 – UK inflation rose to 3.6% in June due to sustained increases in motor fuel and food prices, marking the highest rate since January 2024, the Office for National Statistics said.
- On Wednesday, the Office for National Statistics said CPI inflation rose to 3.6% in June, marking the highest rate since January 2024, defying economists’ expectations.
- According to Association of Independent Meat Suppliers, beef prices rose over 30% last year, while Richard Heys, Acting Chief Economist at the Office for National Statistics, said inflation rose mainly due to motor fuel prices falling only slightly.
- Supporting figures from the ONS revealed food inflation rose to 4.5%, while CPIH climbed to 4.1% year-on-year, underscoring broader price pressures.
- Just before the Bank of England’s next interest rate decision on 7 August, the inflation figures are the last before the decision, and Governor Andrew Bailey hinted there could be reductions at the MPC meeting in August.
- Looking ahead, analysts expect that UK inflation will peak at 3.7% in September, while forecasters project CPI to reach 3.3% this year and slow to 2.4% next year.
106 Articles
106 Articles
UK inflation jumps to 3.6% in June
UK inflation rose unexpectedly to 3.6 per cent in June, up from 3.4 per cent in May, exceeding both the Bank of England’s forecast and predictions from economists at Pantheon Macroeconomics. The rise, confirmed in an ONS report (July 16), is fuelling concern over the cost of living, just weeks ahead of the Bank’s August 7 interest rate decision. While a rate cut is still expected due to a… Source
In June 2025, according to the final data released by Istat, the national index of consumer prices for the whole community (Nic) increased by 0.2% monthly and by 0.2% monthly compared to the same month of 2024. A slight increase, but which marks an acceleration compared to +1.6% recorded in May. However, the most striking figure for households is the increase in the prices of unprocessed food, those most sensitive to climate shocks and internati…
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