Energy · 11 views
UK Inflation Jumps to 2.9% as Energy Bills Bite
Inflation has leaped up following the reset of the energy price cap, official data has revealed, marking the likely beginning of a long run of increases in price growth.
AI Summary
Inflation in the United Kingdom rose to 2.9 percent for the year ending in July, according to the Office for National Statistics. The increase follows the recent reset of the energy price cap, which officials say is driving higher price growth. The prior inflation rate was 2.6 percent.
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