Big spike: UK inflation hits 18-month high; pressure mounts on Starmer government as US tariff threat looms
British inflation increased unexpectedly in June. It reached an 18-month high. The Consumer Prices Index rose to 3.6 percent. Motor fuel and food prices mainly fuelled the jump. The UK economy contracted for a second month in May. Rachel Reeves acknowledged the pressure on households. The Bank of England may still cut interest rates next month.
British inflation increased unexpectedly in June. It reached an 18-month high. The Consumer Prices Index rose to 3.6 percent. Motor fuel and food prices mainly fuelled the jump. The UK economy contracted for a second month in May. Rachel Reeves acknowledged the pressure on households. The Bank of England may still cut interest rates next month.
