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 mee...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.