THE GUARDIAN: June figure is highest level since August 2018 and above analysts’ forecasts
Britain’s inflation rate has risen to 2.5% – its highest level in almost three years – after the easing of coronavirus lockdown restrictions prompted rising demand.
The Office for National Statistics (ONS) said dearer food, secondhand cars, clothing and footwear and fuel prices were the main factors behind a jump in the annual inflation rate from 2.1% to 2.5% in June.
The figure was the highest since the 2.7% recorded in August 2018, higher than the 2.2% expected by analysts and above the Bank of England’s 2% target.
Core inflation, which strips out food, energy, alcohol and tobacco, rose from 2% to 2.3%. » | Larry Elliott, Economics editor | Wednesday, July 14, 2021
