Consumer price inflation increased to 0.6% in June from 0.5% in May, the Office for National Statistics said.
India’s central bank (CB) kept key interest rates on hold on Thursday as it sought to contain a rise in retail inflation, though it vowed to keep policy sufficiently loose to help revive growth in the coronavirus battered economy.
Russia’s central bank (CB) kept rates unchanged at a record low, deciding against further rate cuts as inflation accelerates and risks rise of fresh sanctions against Moscow, but said a rate cut was still possible later this year.
The annual inflation rate, as measured by the UK's Consumer Prices Index, dived to just 0.2 per cent in August from 1.0 per cent in July, the Office for National Statistics (ONS) said in a statement.
US consumer prices rose solidly in August, with the cost of used cars and trucks accelerating by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19.
Annual consumer price inflation rose to 1.0% in July from 0.6% in June, the Office for National Statistics said. Clothing and footwear prices were the biggest contributor to the rise in inflation.
China’s consumer inflation edged up in July, official data showed Monday, partly because of rising food prices from flood-related disruptions and as the country recovers from the coronavirus outbreak.
Brazil’s inflation in July rose for that month the most in four years, an official data showed, driven by fuel and housing costs, although the annual measure remained significantly below the central bank’s year-end target.
The runaway prices have made things worse for a lot of Sudanese and plunged the country into economic crisis.