Annual inflation rate in The United Kingdom reached 3.6% in June, exceeding economists' estimates, according to data published by the Office for National Statistics (ONS), as reported by CNBC.

Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, official figures showed on Wednesday, slightly dampening expectations for further cuts in Bank of England interest rates.

Food and clothing prices rose more quickly while fuel fell only slightly, boosting the overall rate of inflation.

UK inflation unexpectedly rose to its highest level since January 2024 as food prices jumped, keeping some pressure on the Bank of England as it looks to continue dialing down interest rates.

Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, official figures showed on Wednesday, potentially making it a tougher call for the Bank of England to cut interest rates next month.

UK inflation rose to a hotter-than-expected 3.6% in June after reaching 3.4% in May. The inflation data will be closely looked at by the Bank of England ahead of its next meeting in August. The U.K. is battling stubbornly high inflation rate and lackluster economic growth.

THE UK’s rate of inflation rose in June as food prices soared. The Office for National Statistics (ONS) said the CPI measure hit 3.6% in the 12 months to June. It comes after the figure

Inflation shows how the price of goods and services have changed over time and the Bank of England is set a target of keeping it at 2%

LONDON -- UK inflation rose to a near 18-month high in June as food prices surged for the third month running, official figures showed Wednesday. Economists said the unexpected increase could prompt the Bank of England to lower interest rates slower than currently anticipated.

Some economists think inflation will hit 3.5% in this morning’s report, coming in above the Bank of England’s forecast. We look at what to expect.

CPI figures to be released as food costs continue to increase - Latest on UK figures data plus stock markets updates, business and money news on Wednesday