UK inflation holds steady at 2% as stubborn services prices dash rate cut hopes

Remains at the BoE’s target level

Sorin Dojan
clock • 1 min read
The Bank will unlikely cut rates this summer, as services inflation remained at 5.7% in June
Image:

The Bank will unlikely cut rates this summer, as services inflation remained at 5.7% in June

UK inflation stood steady at 2% in June, unchanged from the figures released the prior month.

Core CPI, which excluded food, alcohol and tobacco, reached 3.5% in the year to June, the same as a month before, according to figures published by the Office for National Statistics today (17 July...

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

Pensions UK and ABI launch 2026 Pension Attention campaign

Pensions UK and ABI launch 2026 Pension Attention campaign

The campaign uses guidance and a video to urge people to ‘grow your pension’

Holly Roach
clock 04 September 2026 • 1 min read
Charity DB schemes urged to move from deficit recovery to endgame planning

Charity DB schemes urged to move from deficit recovery to endgame planning

Hymans says all charity schemes should be considering the range of alternative endgame options

Holly Roach
clock 04 September 2026 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Clara superfund deal, L&G £1.65bn buy-in deal, Rothesay half-year results

Professional Pensions
clock 04 September 2026 • 1 min read
Trustpilot