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UK inflation rises by more than expected to 3.8%, largely driven by air fares
Economists expected inflation to rise to 3.7%, though the Bank of England forecast for July inflation was 3.76%, slightly higher than consensus. Inflation in the UK has risen to an unexpected 3.8%, the Office for National Statistics says.
A rise in the cost of air fares drove a bigger jump in inflation than expected, while food price inflation rose for the ...
British inflation hit its highest in 18 months in July when it increased to 3.8% from 3.6% in June, official data showed on ...
Markets ended last week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some ...
The chancellor will have a particular eye on food inflation because people are especially sensitive to grocery price rises.
According to Bankrate, inflation has climbed 22.7 percent since 2021, while Americans' wages have risen just 21.5 percent.
Economists predicted that inflation would start to increase in the second half of the year, but an increase of 0.5% is a bit ...
UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of ...
Here's what new data from the producer price index says about where inflation is headed, according to economists.
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