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Evening Standard
Evening Standard
Business
Jonathan Prynn

Rate of inflation rises to 2.2% in July in first increase this year

The annual rate of inflation rose for the first time this year last month, although not by as much as some City forecasters feared.

The headline measure of the cost of living, the Consumer Price Index (CPI), was 2.2% higher in July, compared with a rise of just 2% in June, according to official figures from the Office for National Statistics (ONS).

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