British inflation speeds up to 2.6%

British inflation unexpectedly accelerated in July for the first time in four months as airfares increased and there was some unwinding of early summer discounting by clothing stores.

14th August, 2012

British inflation unexpectedly accelerated in July for the first time in four months as airfares increased and there was some unwinding of early summer discounting by clothing stores.

Consumer prices rose 2.6 percent from a year earlier, compared with 2.4 percent in June, the Office for National Statistics said today in London. Economists forecast a reading of 2.3 percent, according to the median of 35 estimates in a Bloomberg News survey. While clothes prices fell...

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