Britain's annual inflation maintained a steady pace at 2% for the previous month, aligning with the government's goal for the consecutive period. The Office for National Statistics (ONS) reported that there was no relief in the escalating expenses of daily life.
Market analysts had predicted a decrease to 1.9%.
The data on inflation released prior to July will precede the Bank of England's decision, scheduled for August 1st, regarding interest rate adjustments – currently at 5.25%.
The nine-member monetary policy committee at Threadneedle Street anticipates a rise in inflation to approximately 2.5% by mid-2024 before it settles beneath the central target of 2%.
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