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UK inflation rate at near four-year high

  • June 13, 2017

The rising cost of foreign package holidays and imported computer games helped to push the UK inflation rate up to 2.9% last month from 2.7% in April.

The latest inflation rate is the highest since June 2013, and above the Bank of England's 2% target.

The Office for National Statistics said the price of food and clothing also went up slightly but fuel costs fell for a third month in a row.

The pick-up in inflation is likely to continue the squeeze on consumers.

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  • Sterling impact
  • Inflation spike
  • Key business concern