UK inflation surges to 40-year high of 10.1% in July

The double digit figure is above analyst expectations of 9.8%

clock • 2 min read
UK inflation surges to 40-year high of 10.1% in July

UK inflation soared to 10.1% in July, reaching double digits for the first time in 40 years.

The Consumer Prices Index (CPI) figures came in above expectations of 9.8%, and up from 9.4% in June. The Office for National Statistics said that rising food prices made the largest upward cont...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Badenoch reveals full shadow cabinet appointments

Badenoch reveals full shadow cabinet appointments

Mel Stride becomes shadow chancellor and Helen Whately becomes shadow work and pensions secretary

Linus Uhlig and PP staff
clock 05 November 2024 • 1 min read
Buzz: Do you support the chancellor's move to include pensions in IHT?

Buzz: Do you support the chancellor's move to include pensions in IHT?

Autumn Budget, Mansion House speech and scheme allocations to Bitcoin

Professional Pensions
clock 05 November 2024 • 1 min read
Ruston Smith says it is time to move to a lifetime savings model

Ruston Smith says it is time to move to a lifetime savings model

PMI chair discusses initiative to overcome three key pinch points for retirement savers

Ruston Smith
clock 05 November 2024 • 4 min read
Trustpilot