'Sterling will suffer in the short term': Inflation unchanged at 2.4% in June

Upward pressure from motor fuels

Natalie Kenway
ONS releases inflation figures for June

ONS releases inflation figures for June

Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.

The Office for National Statistics said the rate was unchanged on the previous month at 2.4%, its joint-lowest level in 14 months. Upward pressure on prices came from motor fuels, domestic gas and electricity...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Economics

St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read
Borrowing down but still high

Government borrowing falls in September, but Chancellor in 'tight spot'

Dropped £7bn compared to last year

clock 21 October 2021 • 1 min read
inflation rate fell back slightly last month because prices in restaurants rose less this August than last when the Eat Out to Help Out Scheme was running

UK inflation dips slightly to 3.1% in September

Relief likely to be temporary as energy and food prices rise

Pedro Gonçalves
clock 20 October 2021 • 5 min read