UK Inflation Jumped to 3.6% in June as Food Costs Rose

There was a time where a 0.2% percentage point surprise on CPI would send the markets into a tail spin because this is way above the target, isn't it. We're still above three and a half%. And I think that that's what the news is today is that we are close to this threshold of 4% which the Bank of England has cited as a level that households and businesses get a bit more sensitive to inflation.So I think what this does is it tells you that if you're going to get rate cuts, they're still going to be quite slo ...