Prices are now rising slightly quicker than expected and at their fastest pace since last January.

The U.K.'s annual inflation rate hit a hotter-than-expected 3.8%in July, according to data released by the Office for National Statistics (ONS) on Wednesday.

Prices are now rising slightly quicker than expected and at their fastest pace since last January.

Fuel and air fares also pushed up annual July rate, making interest rate cuts less likely this year

Higher air fares, petrol and food prices push inflation to 3.8%, highest since early 2024; European shares slip as tech and defence stocks fall

La subida en las tarifas aéreas contribuyó en gran medida al alza del IPC, según la Oficina Nacional de Estadística británica