Economic Watch: Britain's July inflation highest in 18 months, limiting scope for interest cuts

NAMPA / Xinhua
2025-08-21
LONDON, Aug. 21 (Xinhua) -- Britain's annual consumer price inflation rose to 3.8 percent in July, the highest since January 2024, adding pressure to businesses and consumers while limiting the space for interest cuts in the near term. The rate, up from 3.6 percent in June, was driven mainly by higher air fares, food and non-alcoholic beverages, and increased costs for hotels and restaurants, according to data released by the Office for Nation......
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