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Evening Standard
Evening Standard
Business
Holly Williams

Why has inflation shot up and where will it go from here?

Inflation Matt Swannell Middle East Office for National Statistics
Inflation has hit its highest level since early spring after gas prices last month hit their highest level for nearly four years (Alamy/PA) -

Inflation has hit its highest level since early spring after last month’s double-digit hike in energy prices.

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 2.9% in July, up from 2.6% in June and the highest level since March.

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