British households and businesses are bracing for UK inflation figures on Wednesday that are expected to keep the pressure on the Bank of England to raise interest rates again.
Consumer-price growth is projected to fall from 8.7% in May to 8.2% in June, according to a survey of economists by Bloomberg, its lowest level since March last year. However, core inflation is expected to remain at a 31-year high of 7.1%
Read More : UK Inflation Data Set to Fuel Pressure for More BOE Hikes