A rise in the cost of air fares drove a bigger jump in inflation than expected, while food price inflation rose for the fourth month in a row. We use cookies to give you the best online experience. Strictly necessary cookies are on by default. Additional cookies are off by default.

Markets ended last week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe.

The results reveal a linguistic divide. Countries in the EU and Asia perform well. France, which also did well the last time we conducted this exercise, in 2024, now has the least entrenched inflation of all the countries we looked at. Chapeau bas to them. Japanese inflation, true to form, has a feeble grip.

The chancellor will have a particular eye on food inflation because people are especially sensitive to grocery price rises. At 4.9%, it’s the highest since February 2024, driven

Annual inflation rose to an 18-month high, increasing the chance that BOE policymakers might hold off from cutting rates in the coming months.

In July, headline consumer price inflation in the UK rose at an annual rate of 3.8 per cent, above market expectations of a 3.7 per cent rise and stronger than June’s 3.6 per cent increase. It was in line with BoE expectations.

According to Bankrate, inflation has climbed 22.7 percent since 2021, while Americans' wages have risen just 21.5 percent.