UK Inflation Jumps to 2.5% in June

Official data showed that the rate of inflation in Britain rose more than the rate targeted by the Bank of England in June to reach 2.5%, compared to 2.1% in May.

Economists polled by Reuters had expected the consumer price index to stand at 2.2% in the 13 months to June.

The bank said that the inflation rate will exceed 3% with Britain ending the general isolation measures, but it also believes that this rise is temporary and does not require reducing the huge stimulus programs for the British economy.