UK retail price index inflation rises to 3.3%

The headline rate of retail price index inflation also rose to 3.3% in June, from 3.1% in May, the Office for National Statistics confirmed.

The underlying rate of retail price index inflation increased to 3.3% in June, from 3.1% in May.

Advertisement

Inflation hits 14-month high

Inflation surged to a 14-month high in June as rising prices at the fuel pumps and discounting by fashion retailers intensified pressure on households. Consumer Prices Index (CPI) inflation rose to 2.9% last month, from 2.7% in May, the (ONS) said.