UK inflation surges to 16-year high

British headline inflation rose to 3.8% in the year to June, its highest level since 1992.

The measure was up by half a percentage point on the May data and was a fifth above analysts' predictions of 3.6%.

"The figure is even higher than we expected," said Michael Saunders, the head of European economics at Citi, a bank. "CPI food price inflation jumped to a new record high of 10.6% in the year to June from 8.7%, the highest since data began in 1997."

"Optimists will try to draw comfort from t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: