UK inflation jumps to 3.6%—what's going on?
Prices in the UK are rising, with inflation hitting 3.6% in June—way above the Bank of England's 2% target.
It's not just food and energy; even things like clothes, goods, and services are getting pricier, showing that higher costs are spreading across everyday life.
Why is everything feeling more expensive?
Food prices shot up by 4.5%, especially for things like meat, chocolate, coffee, and butter—thanks to pricier energy and labor.
Household bills (like water and electricity) also played a big role in pushing up overall costs.
Meanwhile, petrol prices didn't drop much this year compared to last year's bigger falls, so they're no longer helping keep inflation down.
What does this mean for you?
With essentials costing more and most other things following suit, it might feel tougher to stretch your budget right now.
The Bank of England is having a hard time keeping price rises under control—so expect some bumps ahead when it comes to how far your money goes.