The consumer price index (CPI) rate of inflation for the 12 months to July 2025 has risen to 3.8 per cent, according to the latest figures from the Office for National Statistics (ONS). This represents another hurdle for Chancellor Rachel Reeves as she attempts to bolster the economy and improve Britain's gross domestic product (GDP) growth.

The EUR/GBP cross loses traction to near 0.8620 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report. Traders will keep an eye on the European Central Bank’s (ECB) President Christine Lagarde speech later on Wednesday.

The Consumer Price Index rose slightly less than expected in July annually as tariffs showed only a slight influence on prices. Tariffs didn't give much boost.

According to the Bureau of Labor Statistics, U.S. consumer prices rose 2.7% in July compared with a year earlier, matching the annual pace recorded in June. So, what does this mean

The CPI, a basket of goods and services typically bought by consumers, tracks the change in prices on everyday items such as food and apparel over time. So far this year, inflation has stayed at 3% or lower.

In this Money Moment, The Consumer Price Index in July rose 2.7% on an annual basis, slightly cooler than economists had forecast.

The Consumer Price Index grew 3.7% over the 12 months ending September, above the forecast of 3.6%. September's increase was the same as the previous change of 3.7%.

Investors tend to watch the consumer-price index for insight into how prices are affected by inflation. And when investors are focused on inflation and changes in the Fed's rate policy, the CPI report has the potential to move markets.

Will U.S. CPI inflation data move stocks to pay attention to the warnings coming from the bond market? tastylive's Head of Global Macro Ilya Spivak previews January's consumer price index figures and discusses how the outcome may shape price trends for stock and bond markets.