{"id":14043,"date":"2021-07-14T08:11:19","date_gmt":"2021-07-14T08:11:19","guid":{"rendered":"https:\/\/errante.net\/?p=14043"},"modified":"2021-07-14T08:11:19","modified_gmt":"2021-07-14T08:11:19","slug":"uk-inflation-jumps-to-2-5-in-june","status":"publish","type":"post","link":"https:\/\/errante.net\/fa\/uk-inflation-jumps-to-2-5-in-june\/","title":{"rendered":"UK Inflation Jumps to 2.5% in June"},"content":{"rendered":"\n

UK Inflation Jumps to 2.5% in June <\/strong><\/h2>\n\n\n\n

British inflation jumped further above the Bank of England’s target in June when it hit 2.5%, its highest since August 2018 and up from 2.1% in May<\/a>. <\/p>\n\n\n\n

The increase will put the focus of the Bank of England’s plan to keep its huge stimulus programme in place. <\/p>\n\n\n\n

Official data showed higher prices for food, fuel, second-hand cars, clothing, and footwear all pushed inflation up last month as the economy bounced back from its lockdown slump, the Office for National Statistics said. <\/p>\n\n\n\n

The reading was above all forecasts from economists polled by Reuters who mostly had expected consumer price inflation (CPI) to hit 2.2% in the 12 months to June. <\/p>\n\n\n\n

Data published yesterday showed US consumer prices rose by 5.4%<\/a> in the 12 months to June, the biggest increase in 13 years, and the Federal Reserve has said its top officials were poised to act if inflation risks build. <\/p>\n\n\n\n

Britain’s inflation broke above the Bank of England’s 2% target for the first time in almost two years in May, but its rise is expected to be much less sharp than in the US. <\/p>\n\n\n\n

The Bank of England has said inflation will peak above 3% as Britain before falling back. <\/p>\n\n\n\n

But the central bank’s departing chief economist, Andy Haldane, who took part in his last Monetary Policy Committee meeting in June, has warned of inflation of 4%<\/a> and the risk that higher price growth sticks. <\/p>\n\n\n\n

In other news, EURUSD has tumbled below 1.18<\/a> after high US inflation figures and a soft bond auction. <\/p>\n\n\n\n

Fed Chair Powell’s testimony later today is critical to the next moves. <\/p>\n\n\n\n

Keep an eye on the currency crosses for an opportunity to trade. <\/p>\n\n\n\n

If you have any questions, please email our Education Centre<\/a>.<\/p>\n\n\n\n

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.net<\/a>.<\/p>\n\n\n\n

We are Errante. Trading made personal<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK Inflation Jumps to 2.5% in June  British inflation jumped further above the Bank of England’s target in June when it hit 2.5%, its highest since August 2018 and up from 2.1% in May.  The increase will put the focus of the Bank of England’s plan to keep its huge stimulus programme in place.  Official data showed higher […]<\/p>\n","protected":false},"author":6,"featured_media":14054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[944,945],"tags":[],"yoast_head":"\nUK Inflation Jumps to 2.5% in June | Errante<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"fa_IR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Inflation Jumps to 2.5% in June | Errante\" \/>\n<meta property=\"og:description\" content=\"UK Inflation Jumps to 2.5% in June  British inflation jumped further above the Bank of England’s target in June when it hit 2.5%, its highest since August 2018 and up from 2.1% in May.  The increase will put the focus of the Bank of England’s plan to keep its huge stimulus programme in place.  Official data showed higher […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/errante.net\/fa\/uk-inflation-jumps-to-2-5-in-june\/\" \/>\n<meta property=\"og:site_name\" content=\"Errante\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/erranteglobal\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-14T08:11:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/errante.net\/wp-content\/uploads\/2021\/07\/shutterstock_212015881.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ckyriakidou\" 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