UK inflation jumps unexpectedly in JulyChristian Fernsby ▼ | August 19, 2020
British inflation jumped unexpectedly last month to its highest rate since March, official data showed.
Jumped unexpectedly UK homes
Topics: Inflation UK
Core inflation which excludes typically volatile energy, food, alcohol and tobacco prices also rose to 1.8% from June's 1.4%. Economists had expected the rate to fall slightly to 1.3%.
The Bank of England said earlier this month it expected inflation to turn briefly negative in the near term, falling to -0.3% in August. ■