UK consumer prices accelerated more-than-expected to a near three-year high in June, data from the Office for National Statistics showed on Wednesday.
Inflation rose to 2.5 percent in June from 2.1 percent in May. This was the highest inflation since August 2018.
The rate also remained above the central bank's 2 percent target and economists' forecast of 2.2 percent.
At the June monetary policy meeting, the Bank of England had cautioned that inflation will temporarily exceed 3 percent. But the bank said it is unlikely to tighten monetary policy anytime soon.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.