The UK inflation rate has hit 2.5% in June, being the highest for nearly three years, as the unlocking of the country’s economy continues.
Office for National Statistics revealed that the Consumer Prices Index measure of inflation rose from 2.1% in May and was driven by high food and fuel costs.
This rate is reported as higher than the Bank of England’s 2% inflation target for a second month.
ONS deputy national statistician for economic statistics, Jonathan Athow said “The rise was widespread, for example coming from price increases for food and for second-hand cars, where there are reports of increased demand.
“Some of the increase is from temporary effects, for example, rising fuel prices which continue to increase inflation, but much of this is due to prices recovering from lows earlier in the pandemic.
“An increase in prices for clothing and footwear, compared with the normal seasonal pattern of summer sales, also added to the upward pressure this month,” he noted.