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The Guardian - UK

Business

Heather Stewart Economics editor

UK inflation rise makes it clear: the cost of living crisis has not gone away

Inflation Office for National Statistics Catherine Mann Rachel Reeves Bank of England Interest Rates MPC

Petrol pumps — Motor fuel prices are the main factor behind the upward shift in CPI from 3.4% in May, according to the ONS. Photograph: Peter Byrne/PA

For anyone hoping the Bank of England will pick up the pace of interest rate cuts – including Rachel Reeves – there was little comfort in the latest inflation data.

The consumer prices index increased at a higher than expected rate of 3.6% in June, the Office for National Statistics (ONS) revealed on Wednesday.

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