UK consumer price inflation increased unexpectedly in June driven by games and clothing cost, data from the Office for National Statistics showed Wednesday. Consumer price inflation rose to 0.6 percent from a four-year low of 0.5 percent in May. The rate was expected to slow to 0.4 percent. Nonetheless, inflation continues to remain well below the central bank's 2 percent target.Confounding expect...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.