ECONOMICS COMMENTARY
Jul 16, 2013
UK inflation picks up to highest since April 2012, and firms' future price intentions rise to two-year high
UK inflation rose a little less than expected in June, but nevertheless increased from 2.7% in May to 2.9%, its highest since April of last year. Manufacturers' prices also rose, with input costs and selling prices growing at faster rates than in May, adding to fears that stubbornly high price pressures could smother - or at least subdue - the economic recovery that has been taking hold in the UK.
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