UK inflation beats BoE forecasts with 2.5% 12-month uptick

The increase from 2.1% puts further pressure on the Bank of England

Lauren Mason
clock • 3 min read

The Consumer Price Index (CPI) rose by 2.5% in the 12 months to June 2021, marking the strongest acceleration in inflation since August 2018, Office for National Statistics (ONS) figures show.

The 12-month inflation rate spells a 40-basis point uptick compared to the 2.1% rise over 12 months to May, while inflation for June alone increased by 0.5%, compared to a 0.1% uptick over the same...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Reform sovereign wealth fund, TPR warning over Tuffnells scheme and PPF sets zero levy for 2026/27

Professional Pensions
clock 27 February 2026 • 1 min read
Just Group records 39% drop in underlying operating profit

Just Group records 39% drop in underlying operating profit

Drop driven by lower new business margins on lower sales

Holly Roach
clock 27 February 2026 • 2 min read
News Digest: Former L&G boss Nigel Wilson to chair Brookfield's Just Group

News Digest: Former L&G boss Nigel Wilson to chair Brookfield's Just Group

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 27 February 2026 • 1 min read
Trustpilot