UK Inflation Hits 3.8% - Here's Why Your Grocery Bill Is About To Get Worse
Key Points
- UK inflation unexpectedly rose to 3.8% in July, impacting Ba...
UK inflation just played the role of that friend who shows up uninvited to your party - rising to 3.8% in July when economists were betting it would stay put at 3.6%. Published on August 20th, this unwelcome surprise has traders wondering if the Bank of England's rate-cutting plans just got shelved indefinitely.
When Weather Becomes Wall Street's Problem
The culprit behind this inflationary uptick? Your grocery bill, which is now sporting a hefty 4.2% price increase thanks to food costs. Bad weather has been wreaking havoc on harvests, and retailers are stuck in that classic squeeze - ab...
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