Your Daily Brief For June 22nd

Your Daily Brief For June 22nd

5 months ago1 min

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Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll be looking at UK inflation, which is refusing to come down.

"Core and services inflation both unexpectedly accelerated last month to their highest levels in more than 30 years, leaving the Bank of England with no choice but to opt for another rate hike on Thursday."

Key takeaways:

  • Headline inflation in the UK remained stuck at 8.7% in May, defying expectations for a drop – and marking the fourth month in a row that price rises have exceeded forecasts
  • Car sales in Europe rose 18% in May from a year ago, on the back of soaring demand for EVs


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