Motor fuel prices have jumped by over 20% over the last year, it says, the largest rate since May 2010.
Average petrol prices stood at 129.7 pence per litre in June 2021, compared with 106.5 pence per litre a year earlier. The June 2021 price is the highest recorded since October 2018.
In comparison, the UK was in the first national lockdown at this point last year and petrol prices were affected by reduced demand, reaching their lowest price in May 2020 for over four years
The ONS also adds that prices for food, second-hand cars, clothing and footwear, and eating and drinking out also rose in 2021 but mostly fell in 2020, pushing inflation up.
These were partially offset by a large downward contribution from games, toys and hobbies, where prices fell this year but rose a year ago.
As this chart shows, the causes of the increase in inflation in June were widespread:
This rise will intensify the debate about whether rising prices is transitory, as central bankers argue, or becoming stickier – meaning some of the stimulus measures brought in to support economies should be rolled back
It’s a wider issue too. Yesterday, the US consumer prices index jumped to a 13-year high of 5.4% year-on-year, higher than expected, partly due to a surge in used car prices.