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UK inflation jumps more than expected to 3.6%
UNITED KINGDOM, JUL 16 – Inflation rose to 3.6% in June due to higher food, fuel, alcohol, tobacco, and transport costs, with core inflation also increasing to 3.7%, the Office for National Statistics said.
- Britain's inflation rate unexpectedly rose to 3.6% in June, reaching its highest level since January 2024, according to the Office for National Statistics.
- This rise followed steady inflation growth driven by higher costs for motor fuels, food, and other essentials, despite economists expecting no change from May's 3.4%.
- Food price inflation has risen for the third month running, reaching its highest yearly level not seen since early last year, while motor fuel costs experienced only a modest decline compared to the previous year.
- According to Richard Heys, the rise in inflation during June was largely influenced by motor fuel prices, which declined only marginally, unlike the more significant drop observed in the same period last year, making transport costs a key factor.
- The committee responsible for setting the UK’s interest rates faces a delicate decision on 7 August, likely opting for caution due to the unexpected rise in inflation alongside easing pressures in the labor market.
96 Articles
96 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…
UK inflation rate sees unexpected rise to 3.6% - what it means for your money
The rate has increased to its highest level since January 2024 as a result of food prices and fuel costs and is likely to affect Bank of England interest rates next month
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