1109 GMT - U.K. inflation is expected to accelerate after slowing in June and could hit a peak of 3.3% in November, UBS Investment Bank economists say in a note. Utility bills are expected to rise in July and could push up annual headline inflation up to 2.9% from 2.6% in June, the economists say. "We expect food and goods inflation to pick up towards year-end as higher input costs--particularly for energy and fertilisers--are gradually passed through to consumers." The worsening Middle East conflict raises the risk of rising inflation, they say. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 07:09 ET (11:09 GMT)
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