Cost of living
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Concern as inflation rises
Britain’s annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6 per cent in June, potentially making it a tougher call for the Bank of England to cut interest rates next month.
June’s reading from the Office for National Statistics took the annual CPI rate to its highest since January 2024, against expectations from economists in a Reuters poll for it to remain unchanged at May’s reading of 3.4 per cent.
Reuters