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UBS Forecasts UK Inflation to Peak at 3.3% in November, Up from 2.6% in June

2026-07-23 11:47:06

UBS0.61%

According to UBS investment banking economists on July 23, UK inflation is expected to accelerate after slowing in June, potentially peaking at 3.3% in November. The economists project that utility bills will rise in July, pushing year-over-year headline inflation from June's 2.6% to as high as 2.9%. They anticipate food and goods inflation will intensify by year-end as higher input costs, particularly energy and fertilizer, gradually pass through to consumers. Rising tensions in the Middle East pose additional upside risks to inflation, they added.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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