UK consumer price inflation rose unexpectedly to a four-month high in July on higher clothing and petrol prices, data from the Office for National Statistics showed Wednesday.
Consumer price inflation rose to 1 percent in July, while the rate was forecast to remain unchanged at 0.6 percent. This was the highest rate since March.
Clothing, rising prices at the petrol pump, and furniture and household goods made large upward contributions to inflation, while falling food prices partially offset the annual increase.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.