Official data showed Consumer Prices Index inflation rose to 3.6% in June, up from 3.4% in May and the highest since January 2024.

The rate has increased to its highest level since January 2024 as a result of food prices and fuel costs and is likely to affect Bank of England interest rates next month

The figure for June marks the steepest increase in inflation, which measures how quickly prices are rising, since January 2024.

U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation.

The inflation rate stood at 2.6% in March before April’s spike to 3.5% on the back of household bill increases. The FTSE 100 index is seen opening 0.2% lower after today’s inflation reading weakened sentiment following mixed trading on Wall Street overnight.

New Delhi, Jul 14 (PTI) Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon.

Wall Street braces for June CPI data, as economists warn of hotter inflation driven by tariffs. A surprise print could jolt markets.

US core inflation rose by 0.3% in June, the biggest increase since January, as tariffs pushed up import costs.