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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Inflation at 9.4% adds to BoE pressure, Netflix upbeat

Surging fuel and food prices drove the UK inflation rate to 9.4% in June, the highest level in more than 40 years.

The consumer price index reading was higher than the 9.3% forecast, adding to pressure on the Bank of England to hike interest rates by 0.5% at its next meeting in August.

The prices of materials and fuels used by manufacturers jumped by a record 24% in the year to June, pushing up the cost of goods leaving UK factories.

Read more on today’s UK inflation release

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