UK inflation figures show surprise rise in July

business graph

The Office for National Statistics (ONS) today (August 14) revealed that UK inflation had risen, in contrast with predictions made by the Bank of England just last week, when a continued fall in the rate was suggested.

The ONS said its consumer prices index (CPI) measure of inflation rose to 2.6% in July, up from 2.4% in June. The main drivers behind the unexpected rise were increased transport prices and clothes shops not offering as large discounts on goods as in previous years between June

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