UK inflation rises unexpectedly to 3.6% driven by food and fuel prices

Annual increase in June follows warnings about increase in employment taxes leading to job cuts and higher pricesAnalysis: UK inflation rise makes it clear: the cost of living crisis has not gone awayBusiness live – latest updatesUK inflation unexpectedly rose in June driven by fuel and food prices, according to official figures, underscoring the challenge facing the chancellor, Rachel Reeves.The Office for National Statistics said the consumer prices index rose by 3.6% last month. City economists and the Bank of England had forecast it would remain the same as May’s reading of 3.4%. Continue reading...

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