UK inflation rises unexpectedly to 3.6% driven by food and fuel prices
by Richard Partington Senior economics correspondent from on (#6YP3T)
Annual increase in June follows warnings about increase in employment taxes leading to job cuts and higher prices
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. City economists and the Bank of England had forecast it would remain the same as May's reading of 3.4%.
Continue reading...