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Euronews
Euronews
Indrabati Lahiri

UK inflation hits four-month high of 2.9% as energy bills soar

Inflation United Kingdom Sarah Coles

UK's annual inflation rate jumped to 2.9% in July, up from 2.6% in June, according to official figures from the Office for National Statistics, released on Wednesday. This was mainly due to higher energy bills and was in line with analyst expectations.

The price cap on household energy bills soared 13% last month, driven by the ongoing Middle East conflict.

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