UK inflation rises to 2.9% as Iran war drives up energy bills
- UK inflation rose to 2.9% in July as the impact of the Iran war on energy prices triggered a renewed cost of living squeeze for British households.
- The Office for National Statistics said inflation rose from a 15-month low of 2.6% in June, driven by the rising price of gas and electricity.
- Matching City economists’ forecasts, it was the first rise in the annual rate as measured by the consumer prices index since March.
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- UK inflation rose to 2.9% in July as the impact of the Iran war on energy prices triggered a renewed cost of living squeeze for British households.
- The Office for National Statistics said inflation rose from a 15-month low of 2.6% in June, driven by the rising price of gas and electricity.
- Matching City economists’ forecasts, it was the first rise in the annual rate as measured by the consumer prices index since March.
Sources: Guardian