Inflation in Britain accelerated again in July, reaching the highest level since the creation of the current consumer price index in January 1997, the financial agency Agefi-Dow Jones (Agefi-Dow Jones) reported.

The UK consumer price index rose 10.1 per cent year-on-year in July, following a 9.4 per cent rise in June, data from the Office for National Statistics (ONS) showed.

On a monthly basis, the index rose by 0.6 percent after +0.8 percent the previous month.

Economists polled by the Wall Street Journal expected annual inflation of 9.8 percent and monthly inflation of 0.4 percent for July.

The core index, which excludes highly volatile categories such as energy and food, rose 6.2 percent in July on an annual basis and 0.3 percent on a monthly basis.

Economists had expected an annual increase of 6 percent.

Bank of England (Bank of England) expects inflation to jump to 13.3 percent in October, Reuters specifies.

Great Britain