UK inflation rises by more than expected to 3.8% amid higher food prices
Annual July rate all but rules out possibility of a further Bank of England interest rate cut this yearBusiness live – latest updatesInflation rose again last month, to a higher than expected 3.8%, amid higher food and fuel prices, adding to fears that the Bank of England will delay further...
<p>Annual July rate all but rules out possibility of a further Bank of England interest rate cut this year</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/aug/20/uk-inflation-data-expected-show--rise-higher-food-energy-prices-eurozone-ukraine-oasis-business-live">Business live – latest updates</a></p></li></ul><p>Inflation rose again last month, to a higher than expected 3.8%, amid higher food and fuel prices, adding to fears that the Bank of England will delay further interest rate cuts.</p><p>Figures showed the annual rate as measured by the consumer price index (CPI) climbed from <a href="https://www.theguardian.com/business/2025/jul/16/uk-inflation-labour-economic-scrutiny">June’s 3.6% reading</a>, sitting above the central bank’s 2% target for the 10th consecutive month.</p> <a href="https://www.theguardian.com/business/2025/aug/20/inflation-rises-july-pause-interest-rate-cuts">Continue reading...</a>
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