UK inflation unexpectedly rose to an 18-month high of 3.6 per cent in June, in a setback for the Bank of England as it tries to cut interest rates to support the country’s slowing economy.
Wednesday’s figure from the Office for National Statistics exceeded the prediction of analysts polled by Reuters that inflation would remain at May’s level of 3.4 per cent.
The increase in inflation was driven by petrol prices as well as a jump in airfares and the price of rail tickets, the ONS said.
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