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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

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.

Reuters on MSN · 7h

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% in June, official data showed on Wednesday, once again leaving the country with the biggest price growth problem amongst the world's big rich economies.

The Independent on MSN · 2h

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 on MSN · 2h

Analysis-UK inflation heat puts Bank of England back in the spotlight

By William Schomberg and David Milliken LONDON (Reuters) -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 · 6h

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 · 7h

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.

4hon 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 ...

4hon MSN

UK's FTSE 100 steady as consumer stocks rise; homebuilders slump on hot inflation data

Britain's FTSE 100 held steady on Wednesday as gains in consumer and healthcare sectors offset losses in energy and mining ...

UK Debt Leads Bond Rally as Traders Cast Aside Inflation Fears

Gilts broke out of a week-long slide on Wednesday, surging despite a hot inflation number that threatens to slow the pace of ...

7hon MSN

Sticky UK inflation dents likelihood of further interest rate cuts in 2025, economist says

James Sproule, chief U.K. economist at Handelsbanken, discusses the latest British inflation data and its impact on the Bank ...

UK Grocery Inflation Edges Lower in August, Worldpanel Says

LONDON (Reuters) -British grocery inflation nudged down to stand at 5.0% over the four weeks to August 10, data from market ...

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 ...

49m

UK flight inflation may have caught a break (in the wrong way)

The collection window for last month’s figures was “on or around 15 July”, while school summer holidays in England began on 23 July (eight days later) this year. Last year, collection was “on or ...

3hon MSN

Why is the UK struggling with inflation, compared to the euro zone?

Florian IeIpo, head of macro at Lombard Odier Investment Managers, discuss sticky inflation in the U.K. and why the situation ...

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