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UK Annual Inflation Rises More Than Expected

UK inflation rises by more than expected to 3.8%, largely driven by air fares

Economists expected inflation to rise to 3.7%, though the Bank of England forecast for July inflation was 3.76%, slightly higher than consensus. Inflation in the UK has risen to an unexpected 3.8%, the Office for National Statistics says.

Reuters on MSN · 6h

South Africa's consumer inflation rises in July as expected

South Africa's headline consumer inflation rose to 3.5% year-on-year in July from 3.0% in June, in line with economists' expectations.

The Independent on MSN · 3h

Why inflation has risen above expectations – and what it means for you

Ben Plowden, chief executive of lobby group Campaign for Better Transport, said: “Today’s inflation figure could mean a big fare rise for rail passengers next year, especially if the Government decides to go with an above-inflation increase like we saw this year.

Inflation, Raising Hope and Interest Rate

Forbes · 2h

Future Rate Cuts In Question As Inflation Hits 3.8% In July

Food Prices Up 4.9% To Highest Level Since February Prices rose 3.8% in the year to July, up from 3.6% the previous month, stoking fears

The Associated Press on MSN · 4h

Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes

Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year.

The Wall Street Journal on MSN · 21h

Canada Inflation Eases in July, Raising Hopes Interest Rates Will Again Be Cut

The pace of inflation in Canada cooled last month, offering some hope the central bank will resume lowering interest rates to help revive a sluggish economy being held down by trade uncertainty.

UK inflation heat puts Bank of England

The Wall Street Journal on MSN · 8h

U.K. Inflation Gains Pace, Likely Keeping Bank of England From Fresh Rate Cuts

Consumer prices were 3.8% higher in July than the same month last year, as annual inflation rose to an 18-month high in the U.K.

The Financial Times · 7h

Firm UK inflation in July piles pressure on Bank of England

In July, headline CPI inflation in the UK rose at an annual rate of 3.8 per cent, above market expectations of a 3.7 per cent rise, but in line with BoE expectations Services inflation was also stronger than markets expected although it was boosted by erratic items Not all the news in the UK’s July inflation data was bad.

Reuters · 2h

UK inflation heat puts Bank of England back in the spotlight

British inflation looks set to hit 4% next month, double the Bank of England's target and a level likely to add to nervousness at the central bank about the risk of price growth getting stuck at a stubbornly high rate.

4hon MSN

Sterling edges up as inflation rises to highest in 1-1/2 years

The British pound rose marginally against the dollar and euro on Wednesday after data showed inflation hit its highest in 18 ...

FTSE 100 Live: UK Inflation Rose More Than Estimated in July

The chancellor will have a particular eye on food inflation because people are especially sensitive to grocery price rises.

UK house price inflation accelerates following rate cuts

The acceleration comes as the Bank of England continues to cut interest rates, most recently to 4 per cent this month, and follows a rush to complete purchases ahead of the end of the stamp duty ...

1hon MSN

India rate panel says US tariffs key drag on growth, flags benign inflation outlook

India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on ...

UK Inflation Accelerated to 18-Month High in July

UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of ...

FingerLakes1.com3h

NY Inflation Refund Checks: When to Expect Your Payment

New York is sending inflation refund checks of up to $400 starting in mid-October. See if you're eligible and how much you ...

4hon MSN

UK's FTSE 100 steady as consumer stocks rise; homebuilders slump on hot inflation data

Britain's FTSE 100 held steady on Wednesday as gains in consumer and healthcare sectors offset losses in energy and mining ...

21hon MSN

Four jobs where wages are outpacing inflation

According to Bankrate, inflation has climbed 22.7 percent since 2021, while Americans' wages have risen just 21.5 percent.

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