THE GUARDIAN: Annual increase in June follows two months of negative growth and comes as speculation mounts over tax rises
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, up from a reading of 3.4% in May. City economists had forecast an unchanged reading.
Richard Heys, the acting chief economist at the ONS, said: “Inflation ticked up in June driven mainly by motor fuel prices, which fell only slightly, compared with a much larger decrease at this time last year. Food price inflation has increased for the third consecutive month to its highest annual rate since February of last year. However, it remains well below the peak seen in early 2023.” » | Richard Partington | Senior economics correspondent | Wednesday, July 16, 2025
ANALYSIS: UK inflation rise makes it clear: the cost of living crisis has not gone away: Analysts say pressure will be on Bank to keep interest rates higher for longer, as consumers’ mood stays gloomy »
THE NEW YORK TIMES: Rising Inflation Underscores Risks in Trump’s New Tariff Threats: New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1. »
