Britain’s annual consumer price inflation rose to 2.9% in July, up from 2.6% in June, aligning with economist expectations.
UK annual consumer price inflation climbed to 2.9% in July, up from 2.6% in June, the Office for National Statistics reported. The increase matched market forecasts and marked the highest inflation rate since November 2023.
June’s inflation print stood at 2.6%, while economists had anticipated a 2.9% rise for July. The data reflects persistent price pressures in the UK economy, though the pace remains below the Bank of England’s 2022 peak.
Markets are closely watching for signs of further inflationary trends, which could influence the central bank’s monetary policy decisions in the coming months.