7/14, 8:02 AM (Source: TeleTrader)
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UK consumer prices up 2.5% in June

The yearly inflation in the United Kingdom came in at 2.5% in June, the highest it has been since August 2018, the Office for National Statistics unveiled on Wednesday. On a monthly basis, consumer prices were up 0.5%.

The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 2.4% on a yearly basis, with transport contributing the most to the increase. On a monthly basis, the CPIH grew by 0.4% in June.

The largest contributors to inflation were food, fuel, second-hand cars, clothing, and footwear, while offsetting contributions came from games, toys, and hobbies.

Breaking the News / BU