UK inflation
Coverage of UK inflation in the Nexus archive.
- Bank of England warns on inflation after freezing rate
The Bank of England kept interest rates at 3.75% for a fifth consecutive meeting, warning that inflation will rise again due to high energy prices from the U.S.-Iran conflict. Three BoE policymakers voted to increase rates, while the central bank projected inflation could peak at 3.2% by year-end or rise to 4.5% in 2027 if Middle East tensions escalate.
- FTSE 100 Live: UK Inflation Slows More Than Expected in June
The UK inflation rate slowed more than anticipated in June, according to the report. The FTSE 100 stock market index is being monitored in response to these developments.
- UK inflation in surprise hold at 2.8% as slowing food prices offset transport costs
UK inflation remained at 2.8% last month, defying expectations of a rise to 3%, as slower food price increases offset higher transport and fuel costs. The Office for National Statistics reported the figure despite concerns about the Middle East conflict's impact on energy prices.