UK Inflation Rises More Than Expected to 3.8%
A jump in air fares, food prices and the Oasis tour helped lift CPI to a 19-month high in July, increasing pressure on Rachel Reeves ahead of the autumn budget
Inflation has jumped to the highest level in a year and a half, propelled by rising food, hotel and flight prices, underscoring the economic difficulties building up for chancellor Rachel Reeves ahead of the autumn budget.
The rate of price growth climbed to 3.8 per cent on an annual basis in July, up from 3.6 per cent in the previous month. It was the highest inflation reading since January 2024 and exceeded analysts’ expectations...
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