UK Inflation Rises Unexpectedly In June To 0.6%

• British inflation rose unexpectedly last month, official data showed on Wednesday. Consumer price inflation increased to 0.6% in June from 0.5% in May, the Office for National Statistics said. The average forecast in a Reuters poll of economists was for the rate to fall to 0.4%.
• Core inflation - which excludes typically volatile energy, food, alcohol, and tobacco prices - rose to 1.4% from May’s 1.2%. Economists had expected the rate to remain unchanged at 1.2%.

(Source: Reuters)