Costs rose by 3.6% within the 12 months to June, the steepest rise in inflation since January 2024, the Workplace for Nationwide Statistics (ONS) mentioned.
That marks a major rise from the three.4% price in Might.
The speed at which costs rise issues to consumers, whose cash does not go as far if items and companies have gotten quickly dearer.
The choice will have an effect on whether or not the Financial institution of England decides to boost or decrease rates of interest as larger charges can gradual inflation by dampening financial exercise.
“Inflation ticked up in June, pushed primarily by motor gas costs which fell solely barely, in contrast with a a lot bigger lower presently final 12 months,” mentioned Richard Heys, performing chief economist for the ONS, the UK’s official statistics authority.
“Meals value inflation has elevated for the third consecutive month to its highest annual price since February of final 12 months,” he mentioned, though it stays nicely under the peaks seen two years in the past.
