In the post-Brexit environment the price level is expected to rise as higher petrol prices feed into the consumer basket as the post-Brexit sharp depreciation in sterling has not been reflected in the price indices as yet. The CPI is expected to have risen to 0.5% over the year in June from 0.3% in May, matching March’s highest level since December 2014, the Office for National Statistics is scheduled to say on Tuesday at 9:30 am London time. The average price of North Sea oil rose 9.4% in sterling terms during the month of June compared to the average prices in May. The UK wide average price of the unleaded 95 ... (full story)