UK inflation rate rises 0.5% in June after post-Brexit sterling slide

Beat consensus expectations of 0.4%

Natalie Kenway
clock • 3 min read

The UK inflation rate rose 0.5% in June, a higher rate than the 0.3% reported in May, indicating inflation is back on an upward trend towards the 2% target, said economists.

According to the Office for National Statistics, the Consumer Prices Index (CPI) rose by 0.5% in the year to June, a little above the position seen for most of this year, although still relatively low historically. Rises in airfares, the price of fuel and a variety of recreational and cultural goods and services were the main positive contributors to the increase. These were partially offset by falls in the price of furniture and furnishings and accommodation services. CPIH, the measure which includes owner occupiers' housing costs, rose by 0.8% in the year to June, up from 0.7% in...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read