THE UK’s rate of inflation was higher than expected in June after Britain was eased further out of lockdown, official data shows.
The Office for National Statistics (ONS) said the Consumer Price Index (CPI) inflation rose to 2.5% in June from 2.1% in May.
1
This is higher than what economists had expected it to be at 2.2%.
The Bank of England has said inflation will peak above 3% as Britain bounces back from its coronavirus lockdowns.
But it also thinks that the rise will be temporary and does not require it to reduce its huge stimulus for Britain’s economy yet.
More to follow…
For the latest news on this story keep checking back at Sun Online.
Thesun.co.uk is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.
Download our fantastic, new and improved free App for the best ever Sun Online experience. For iPhone click here, for Android click here.
Like us on Facebook at www.facebook.com/thesun and follow us from our main Twitter account at @TheSun.
