FX.co ★ UK Core Inflation Hits 3-Month High

The United Kingdom experienced a slight increase in its annual core inflation rate, reaching 3.8% in July 2025, surpassing both the previous month's rate and market expectations of 3.7%. This is the highest rate recorded since April, largely driven by a rise in inflation for both CPI goods, which escalated to 2.7% from 2.4% in June, and CPI services, which increased to 5.0% from 4.7%. On a monthly basis, core consumer prices grew by 0.2%, which is marginally higher than the anticipated 0.1% increase, yet reflects a moderation from the 0.4% growth observed in June.