Annual increase in June follows two months of negative growth and comes as speculation mounts over tax rises
Analysis: UK inflation rise makes it clear: the cost of living crisis has not gone away
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UK inflation unexpectedly rose in June driven by fuel and food prices, according to official figures, underscoring the challenge facing the chancellor, Rachel Reeves.
The Office for National Statistics said the consumer prices index rose by 3.6% last month, up from a reading of 3.4% in May. City economists had forecast an unchanged reading.
Continue reading…Inflation, Economics, Rachel Reeves, Economic policy, Office for National Statistics, Interest rates, Economic growth (GDP), Business, Politics, UK newsRead More
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