Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
LONDON, July 17 (Xinhua) — Britain's annual consumer price inflation rose 3.6 percent in June, the highest since January 2024, the Office for National Statistics (ONS) said on Wednesday.
The ONS said the rate stood at 3.4 per cent in May. It attributed the rise mainly to higher prices for motor fuel, air and rail travel, and food.
Food and non-alcoholic beverage prices rose 4.5 percent year-on-year, the highest since February 2024.
Core inflation excluding energy, food, alcohol and tobacco rose by 3.7 percent in June, up from 3.5 percent in May. Services inflation, a key indicator of domestic price pressure, was unchanged in June at 4.7 percent.
Previous data from the ONS showed that UK real GDP contracted by 0.1% in May 2025, the second month in a row, following a 0.3% decline in April.
In mid-June, the Bank of England decided to leave its benchmark interest rate unchanged at 4.25%, citing persistent inflationary pressures and heightened global uncertainty.
June inflation remains well above the 2 percent target, and the base rate is expected to be cut in August.
Market analysts believe that in 2025 the regulator will lower the rate at least twice more, which could reach 3.75 percent by the end of the year. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
.