Britain’s inflation rate unexpectedly jumped last month, to its highest level since March, as clothing stores refrained from the usual summer cuts after reopening their doors following general isolation measures due to the Coronavirus, but most economists expect it to return soon. The Office for National Statistics said the annual …
Read More »UK Inflation Rises Unexpectedly in June
Official data released today in the United Kingdom showed that British inflation rose unexpectedly in the previous month as the Office for National Statistics said that consumer price inflation rose to 0.6% in June from 0.5% in May. A Reuters poll had expected the rate to drop to 0.4%. Core …
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