Accelerating UK inflation has left the gap with Eurozone price growth at its widest in nearly two years, new data showed yesterday, underscoring the stubborn price pressures confronting the Bank of England.The UK’s consumer prices index rose 3.8 per cent in the year to July, according to the Office for National Statistics, an unexpectedly sharp pick-up from June’s 3.6 per cent reading.By contrast, Eurozone inflation held steady in the same month at 2 per cent, separate Eurostat numbers showed, with a reading of just 0.9 per cent in France. The 1.8 percentage point gap between UK and euro area inflation was the widest since September 2023.The figures underscore the challenge facing the BoE as it prepares for inflation to reach as high as 4 per cent, double its official target, in the coming months.Wage growth is proving stickier in the UK than in the euro area, analysts said, with chancellor Rachel Reeves’ increases in employer national insurance contributions and a boost to the living wage contributing to more persistent price growth.
No persons identified in this episode.
This episode hasn't been transcribed yet
Help us prioritize this episode for transcription by upvoting it.
Popular episodes get transcribed faster
Other recent transcribed episodes
Transcribed and ready to explore now
Trump $82 Million Bond Spree, Brazil Tariffs 'Too High,' More
16 Nov 2025
Bloomberg News Now
Ex-Fed Gov Resigned After Rules Violations, Trump Buys $82 Mil of Bonds, More
16 Nov 2025
Bloomberg News Now
THIS TRUMP INTERVIEW WAS INSANE!
16 Nov 2025
HasanAbi
Epstein Emails and Trump's Alleged Involvement
15 Nov 2025
Conspiracy Theories Exploring The Unseen
New Epstein Emails Directly Implicate Trump - H3 Show #211
15 Nov 2025
H3 Podcast
Trump Humiliates Himself on FOX as They Call Him Out
15 Nov 2025
IHIP News