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The Guardian - UK
The Guardian - UK
Business
Richard Partington Senior economics correspondent

UK inflation rises to 2.9% as Iran war drives up energy bills

Inflation Iran United Kingdom Andy Burnham England Interest Rates United States
Shoppers out and about in Chichester in West Sussex
Economists had forecast an increase in the consumer prices index measure of inflation to 2.9%. Photograph: Maureen McLean/Shutterstock

UK inflation rose to 2.9% in July as the impact of the Iran war on energy prices triggered a renewed cost of living squeeze for British households.

The Office for National Statistics said inflation rose from a 15-month low of 2.6% in June, driven by the rising price of gas and electricity. Matching City economists’ forecasts, it was the first rise in the annual rate as measured by the consumer prices index since March.

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