UK inflation rises 2.9% in July on higher energy bills
Analysts expect inflation to rise towards the end of the year as higher energy costs feed through to bills further, with little signs of a deal to end the Middle East war.
The rise was spurred by a 13 percent hike in the price cap on household energy bills that took effect last month, a consequence of the ongoing US-Iran war.“Iran war inflation continues to impact prices here at home, but Britain’s economy is resilient,” finance minister John Healey said in response to the latest figures.
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