Economy · energy billsUK Inflation Jumps to 2.9% as Energy Bills Fuel Fresh SqueezeAired August 20, 2026 at 4:13 PM UTCWritten September 7, 2026 at 9:22 PM UTCRead the write-upThis storyTranscript · LOADING0:00Britain's inflation has turned higher0:01again, [music]0:02rising to 2.9% in July after sitting at0:05a 15-month low. A 13% rise in the energy0:08price cap in July [music] helped drive0:10the rebound, and underlying inflation0:12remains sticky rather than easing0:14further. For households, that means0:16energy bills and fuel-linked costs0:18[music] are feeding back into prices0:19after a stretch of easing, tightening0:21budgets again. Brent crude was over $900:24a barrel on August 20th at $93, linked0:27to effects of the Iran war with further0:30upward [music] pressure expected to0:31continue. On the same day, UK 10-year0:33and 30-year gilt yields were above 5%,0:36[music] a sign of market concern about0:37inflation as price pressures persist0:39into the autumn ahead of the late0:41October budget. Like and follow for more0:43stories that matter.Explore with HeyDexThe shortThe short ↗