Prices in the region rose 10.1% for the year, after which markets began laying down a Central Bank of England rate hike to 3.5% by the end of 2022.
However, July may be the last month with record inflation for the UK. Wages in the country have begun to fall at a record pace after years of relentless growth.
Thus, consumption on the part of Britons may decline, leading to lower inflation in the region.
