U.K. Inflation Quickens More Than Forecast on Airfare Surge
- Airline ticket prices jumped almost 11% in June from May
- BOE officials debating medium-term inflation outlook
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U.K. inflation accelerated more than economists forecast in June, boosted by airfares on trips to continental Europe.
The rate rose to 0.5 percent from 0.3 percent in May, the Office for National Statistics said in London on Tuesday. Economists had expected 0.4 percent, according to the median estimate in a Bloomberg survey. Core inflation, which excludes volatile food and energy prices, strengthened to 1.4 percent.