UK Consumer Price Index Surges to 2.0% in June Exceeding Forecasts

Wednesday, 17 July 2024, 06:00

The UK Consumer Price Index (CPI) for June 2024 came in at 2.0%, surpassing the expected 1.9% annual increase. This inflation data, released by the Office for National Statistics (ONS) on 17th July 2024, indicates a stronger price growth than anticipated. The uptick in CPI is likely to impact various sectors of the economy, influencing consumer spending and monetary policy decisions moving forward.
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UK Consumer Price Index Surges to 2.0% in June Exceeding Forecasts

Key Highlights:

The UK Consumer Price Index for June 2024 reached 2.0%, exceeding the expected 1.9% annual increase.

Details:

  • The inflation data was released by the Office for National Statistics (ONS) on 17th July 2024.

Conclusion:

The higher-than-expected CPI in the UK for June signals a potential impact on economic policies and consumer behavior, with implications for various industries.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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