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UK inflation rises by more than expected

UK inflation rises by more than expected to 3.8%, largely driven by air fares

This increase was mainly driven by soaring air fares - which jumped by 30.2% - driven by higher school holiday prices - here's why. Meanwhile, food price inflation rose to 4.9% driven by higher prices for goods including beef, instant coffee and orange juice.

Reuters on MSN · 18h

UK inflation rises to highest since early 2024 at 3.8%

British inflation hit its highest in 18 months in July when it increased to 3.8% from 3.6%, official data showed on Wednesday, once again leaving the country with the fastest rate of price increases among the world's largest rich economies.

The Independent on MSN · 18h

Why inflation has risen above expectations – and what it means for you

Ben Plowden, chief executive of lobby group Campaign for Better Transport, said: “Today’s inflation figure could mean a big fare rise for rail passengers next year, especially if the Government decides to go with an above-inflation increase like we saw this year.

Fed, inflation

MarketWatch · 12h

Fed officials see higher inflation in near term, minutes show

Top Federal Reserve officials generally expect inflation to increase in the near term, according to minutes of the July meeting released on Wednesday. The only questions were how big the gain would be,

The Wall Street Journal · 11h

Fed Officials Were Divided in July on When Tariffs Might Hit Inflation

The written account of the Federal Reserve's July meeting, released on Wednesday with a customary three-week lag, suggested officials were divided over when they could be confident that higher import costs wouldn’t lead to a period of broader,

CNBC on MSN · 12h

Divided Fed worried about tariffs, inflation and the labor market, minutes show

Fed officials worried at their July meeting about the state of the labor market and inflation, though most agreed it was too soon to cut rates, minutes showed.

UK inflation heat puts Bank of England

Reuters · 17h

UK inflation heat puts Bank of England back in the spotlight

British inflation looks set to hit 4% next month, double the Bank of England's target and a level likely to add to nervousness at the central bank about the risk of price growth getting stuck at a stubbornly high rate.

The Financial Times · 22h

Firm UK inflation in July piles pressure on Bank of England

In July, headline CPI inflation in the UK rose at an annual rate of 3.8 per cent, above market expectations of a 3.7 per cent rise, but in line with BoE expectations Services inflation was also stronger than markets expected although it was boosted by erratic items Not all the news in the UK’s July inflation data was bad.

The Wall Street Journal on MSN · 23h

U.K. Inflation Gains Pace, Likely Keeping Bank of England From Fresh Rate Cuts

Consumer prices were 3.8% higher in July than the same month last year, as annual inflation rose to an 18-month high in the U.K.

Wages aren't keeping up with inflation, with some jobs falling further behind than others

Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many ...

20hon MSN

Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes

Higher food and airfare prices pushed U.K. inflation above expectations in July. The development has tempered market ...

14h

The US housing market's historic slump could send inflation plummeting in the coming year

The economy could soon see a big drop in shelter prices that slashes the current inflation rate by more than half, Rosenberg ...

UK Inflation Accelerated to 18-Month High in July

UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of ...

Air Fares And Food Prices Drive Up Inflation

A rise in the cost of air fares drove a bigger jump in inflation than expected, while food price inflation rose for the ...

4hon MSN

Inflation Is Ticking Upwards. Should Opendoor Investors Be Worried?

Opendoor Technologies has a challenging business model and, on top of that, has executed it poorly. Higher inflation may keep ...

10h

Dow ends with small gain, S&P 500 falls for 4th straight session as Fed frets over inflation

Stocks finished mixed on Wednesday, with the Dow Jones Industrial Average securing a back-to-back gain and the S&P 500 ...

12hon MSN

Mexico's inflation seen picking up in first half of August: Reuters poll

Mexico's headline inflation likely rebounded in the first half of August underpinning prospects that the central bank would ...

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