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U.K. Consumer Prices Rose 2.9% in July Due to Higher Household Energy Costs
U.K. inflation jumped in July, driven by a rise in energy charges that could push the pace of price increases even further above the Bank of England’s target in the months to come.
Consumer prices rose 2.9% in July from a year earlier, up from 2.6% in June, the Office for National Statistics said Wednesday. That is the highest annual inflation rate since March, when prices spiked following the outbreak of the war in Iran.
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