Live: Did UK inflation rise in June?

The Office for National Statistics (ONS) will release the latest UK inflation data tomorrow (22 July). Experts believe the rate of price rises will fall from 2.8% to 2.6%.

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  • The Office for National Statistics (ONS) will release the latest UK Consumer Price Index (CPI) measure of inflation data tomorrow (22 July).
  • CPI inflation in the 12 months to May 2026 read 2.8%, staying steady from April 2026.
  • Experts believe the June inflation data will show a fall to 2.6%
  • Ratesetters at the Bank of England will be watching closely to help inform their decision on whether to lower interest rates from 3.75%.

| UK inflation forecast | What is inflation? | When will interest rates fall further? | CPI release dates | MPC meeting dates |

Inflation basket grocery shopping

(Image credit: Craig Hastings/Adil bouimama/SolStock/Getty Images)

Where has inflation been?

The CPI measure of inflation has trended downwards from a high of 11.1% in October 2022.

Back then, soaring energy and fuel prices caused by Russia’s invasion of Ukraine and a surge in demand for consumer goods as economies across the globe emerged from the Covid-19 pandemic contributed to much higher inflation rates.

The CPI measure of inflation fell to 1.7% in September 2024, but has remained over 2% since.

What do you think inflation will be?

It’s time to get your predictions in. What do you think the inflation data tomorrow will look like?

What is inflation?

You’ll see the term inflation bandied about a lot, but not everyone knows what it means.

A third of Brits can’t give a definition of the word, according to recent research carried out by investing platform XTB.

So, what is inflation? Put simply, it’s a measure of how much prices have risen over a given time period.

For example, if you bought something for £1 and it was worth £1.05 a year later, the rate of inflation will have been 5%.

While prices going up sounds bad – and above a certain level it is – economists generally agree that a small amount of inflation is healthy for an economy.

This is why the Bank of England, like most central banks, targets an inflation rate of 2%.

When is UK inflation data announced?

UK inflation data for the 12 months to June 2026 will be announced at 7am.

We will bring you live analysis and reaction to the ONS data tomorrow morning following its release.

What could the June inflation data be?

Economists at research firm Pantheon Macroeconomics predict Consumer Price Index inflation will slide to 2.6% in June.

Meanwhile, Deutsche Bank expects the CPI measure to slow to 2.7%, before rising after.

What is the current rate of inflation?

The most recently-published data from the Office for National Statistics revealed prices rose by 2.8% in the 12 months to May 2026.

This was the same increase as in the 12 months to April 2026 and a fall from 3.3% in the year to March 2026, when the onset of the Iran war pushed up prices.

Good afternoon. Welcome to our live coverage ahead of the Office for National Statistics releasing its latest monthly Consumer Price Index (CPI) inflation data tomorrow (22 July).

The war in Iran had stoked fears inflation would rise, but it has trended downwards in recent months and held below 3% in April and May. What can we expect from the June data?

Stay with us as we bring you rolling build up commentary, as well as reaction and analysis after it is published.