UK inflation has hit its highest rate since January 2024, according to new data.
The headline rate reached 3.6% in the year to June, up from 3.4% in May, and higher than expectations.
Food prices surged for the third month running.
But Business commentator Declan Curry says the Bank of England could still cut interest rates in August.
In: "The Bank...
Out: ...next month."
DUR: 12 secs
http://fsnradionews.com/feeds/0716inflation-curry1.mp3
The headline rate reached 3.6% in the year to June, up from 3.4% in May, and higher than expectations.
Food prices surged for the third month running.
But Business commentator Declan Curry says the Bank of England could still cut interest rates in August.
In: "The Bank...
Out: ...next month."
DUR: 12 secs
http://fsnradionews.com/feeds/0716inflation-curry1.mp3