British Inflation Slightly Higher than Expected

» Published: July 17 2024

British Inflation Slightly Higher than Expected
Photo: Alastair Grant AP/TT

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The British pound became a few ören more expensive in Wednesday's initial trading on the currency market after the country's statistics agency presented unexpectedly high inflation figures for June.

Consumer prices in the UK rose by 2.0 percent in annual terms in June – which is the second month in a row with the same inflation level. Analysts had on average expected inflation to fall to 1.9 percent.

The core inflation – excluding energy and food – also stagnated and stood at 3.5 percent.

A pound – which in January cost 12.85 kronor – costs after the report 13.74 kronor. The British currency's price is thus circling near the year's highest notation of 13.77 kronor at the end of April – which in turn is the highest notation in nearly 20 years.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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