A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024.
Bloomberg | Bloomberg | Getty Images
The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday.
Economists polled by Reuters had anticipated inflation would reach 3.4% in the twelve months to June, after it hit 3.4% in May.
June core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, rose by an annual 3.7%, up from 3.5% in the twelve months to May.
This is a breaking news story, please check for further updates.
