19-08-2026 09:12 via retailgazette.co.uk

UK inflation jumps to 2.9% as energy costs bite

UK inflation accelerated to 2.9 per cent in July as soaring household energy costs pushed up the cost of living, raising fresh concerns over pressure on consumers and retailers.
The Consumer Prices Index climbed from 2.6 per cent in June, according to the Office for National Statistics, marking the first rise in the annual rate since March.
Housing and household services were the biggest contributor to the increase, with gas prices jumping 14.7 per cent during July following changes to the Ofgem
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