UK inflation rises to highest level since January 2024

British inflation hit its highest in 18 months in July when it increased to 3.8% from 3.6% in June, official data showed on Wednesday, once again leaving the country with the biggest price growth problem amongst the world's big rich economies, QNA reports. 

photo: QAZINFORM

As well as the rise in the headline rate, which was the highest since January 2024, inflation in Britain's services sector accelerated to 5% from 4.7% a month earlier.

The Bank of England (BoE) had expected headline inflation to rise to 3.8% in July with services prices rising by 4.9%.

Sterling rose slightly after the data was published.

Earlier, it was reported Kazakhstan’s CPI in July stood at 11.8% on an annual basis.