The rate of consumer price index (CPI) inflation increased to 2.9% in June, up from 2.7% in May, according to the Office for National Statistics (ONS).
The figure, a 14-month high, was lower than the 3% expected by markets.
A rise in the inflation rate had been anticipated because of higher petrol and clothing prices versus a year ago. But it was moderated by slower annual rises in airfares and food prices.
Retail prices index (RPI) inflation also rose, to 3.3% from 3.1% in May.
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