Alexander Spatari | Moment | Getty Images
U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday.
The headline reading came in above analyst expectations at 1.9%, according to economists polled by Reuters, and was in line with the previous 2% reading in May.
Services inflation — which is closely watched by the Bank of England given its dominance within the U.K. economy and its reflection of domestically-generated price rises — remained at 5.7% in June.
Core inflation, excluding energy, food, alcohol and tobacco, was 3.5%, also on par with the 3.5% recorded in May.
This is a breaking news story. Please check back for updates.
https://image.cnbcfm.com/api/v1/image/108007356-1721195761302-gettyimages-1497167074-london-2310.jpeg?v=1721195780&w=1920&h=1080
Source link
