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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

This increase was mainly driven by soaring air fares - which jumped by 30.2% - driven by higher school holiday prices - here's why. Meanwhile, food price inflation rose to 4.9% driven by higher prices for goods including beef, instant coffee and orange juice.

Reuters on MSN · 23h

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 on MSN · 23h

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 · 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

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 ...

Daily Express36m

Price of coffee, tea, milk, eggs and chocolate soar after inflation hike

Inflation rose to its highest since January 2024, reaching 3.8% in the year up to July, according to the Office for ...

MoneyWeek10h

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 ...

Insider Media1h

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 since ...

21h

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 ...

The News International2h

UK inflation surges to 3.8% amid higher food prices

UK inflation rose again last month to higher than expected to 3.8%, amid food price hikes and travel costs.The latest figures from the Office for National Statistics have shown that inflation ...

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 ...

23h

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 ...

1don MSN

UK inflation picks up to hotter-than-expected 3.8% in July

The U.K.'s annual inflation rate hit a hotter-than-expected 3.8%in July, according to data released by the Office for ...

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