A steep jump in the cost of air travel, along with increases in the price of many everyday items from tea and coffee to potatoes and eggs, helped push the UK’s overall rate of inflation in July to an 18-month high.

UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of interest-rate cuts.

The Fed made a "huge mistake" not raising rates during the pandemic. Now it risks another blunder, top economist Mohamed El-Erian says.

UK inflation rose in July to the highest annual rate since the start of 2024 when it had hit 4 per cent - here is what it means for households.

UK inflation unexpectedly accelerated in July, stoking fresh fears about the cost of living and all but extinguishing hopes for another interest rate cut this year from the Bank of England.

After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at roughly 83%, according to CME Group 's FedWatch tool calculations on Aug. 18. One month earlier, roughly 59% of traders betting on changes in the federal funds rate thought an interest rate cut would occur in September.

The producer price index for July suggests companies may be feeling the sting of inflation and consumers could be next.

Consumer price inflation in France was stable in July and met analysts' expectations and the preliminary reading, statistics office INSEE said on Thursday.