UK inflation falls by more than expected to 2.6% in lift for Burnham’s cost of living plans
The reading was below economists’ 2.7% forecast, with lower diesel and petrol prices helping offset higher energy costs, the ONS said.
- Britain's annual rate of consumer price inflation fell to 2.6% in June from 2.8% in May, official figures showed on Wednesday.
- Thomas Pugh, chief economist at RSM, said falling oil prices after the interim ceasefire agreement served as the "main drag on inflation in June."
- Prime Minister Andy Burnham announced on Tuesday that electricity bills will be VAT-free from October 1, saving households about £45 a year.
- Investors expect the Bank of England to keep its benchmark interest rate at 3.75% next week as policymakers assess the impact of the Middle East conflict.
- Tensions in the Middle East have flared again, causing Brent crude oil prices to rise during July, which Raja, chief UK economist for Deutsche Bank, said suggests a "bumpy path" ahead.
50 Articles
50 Articles
UK inflation cools to 2.6 per cent in June on brief fuel price drop
British inflation cooled by more than expected last month as a brief de-escalation in the Iran war reduced fuel prices, but the slowdown is likely to offer only temporary relief to new Prime Minister Andy Burnham as he seeks to ease living costs. Consumer prices rose by 2.6 per cent in annual terms in June […]
UK Inflation Cools to 2.6 Percent as Fuel, Food Prices Fall
UK inflation slowed to 2.6 percent in June, its lowest level since March 2025, as lower fuel prices and falling food costs helped ease pressure on household budgets. The data come as policymakers prepare for the Bank of England’s Monetary Policy Committee meeting next week, when investors will be watching for signals on the outlook for interest rates. The new government in Westminster, led by newly-appointed British Prime Minister Andy Burnham, …
Morgan County Citizen
Iraq news, the latest Iraq news by Iraqi News…Cooler inflation hands new UK PM Burnham an early boost
Britain's annual inflation rate fell more than expected in June, driven by lower fuel prices, official data showed Wednesday, in a boost to new Prime Minister Andy Burnham's cost-of-living push.
(London=Yonhap News) Correspondent Kim Ji-yeon = As newly inaugurated British Prime Minister Andy Burnham pushes for price stability, the UK's inflation rate last month fell below expectations...
Global Market: UK inflation drops to 2.6%; markets eye Bank of England's next rate decision
Britain's annual consumer price inflation eased to 2.6% in June from 2.8% in May, coming in below expectations as energy prices moderated. While the slowdown offers relief for policymakers and markets, inflation remains above the Bank of England's target, keeping future interest rate decisions firmly in focus.
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