UK inflation jumps to 2.5% in June
THE UK's rate of inflation was higher than expected in June as prices surged on the back of lockdown easing, official data shows.
The average increase in prices is usually based on how much things cost today compared to a year ago and is known as the inflation rate.But new figures show it's higher than this target at 2.5%, and accelerated sharply since the UK government began a Usually people measure inflation by comparing the cost of things today with how much they cost a year ago. The average increase in prices is known as the inflation rate.If inflation is too high or it moves around a lot, the Bank of England says it is hard for businesses to set the right prices and for people to plan their spending.
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