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The UK's July inflation rise

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Where it stands

UK inflation rose to 2.9% in July after reaching a 15-month low, with the 13% energy price cap increase and persistent underlying inflation cited as factors. The latest report also noted Brent crude at $93 and gilt yields above 5%; the episode remains open pending subsequent inflation data and reassessment of price pressures.

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1 report10 outlets11 sources1 video

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    1. Update 1UK Inflation Jumps to 2.9% as Energy Bills Fuel Fresh Squeeze

    The story so far

    1. Update 1

      UK Inflation Jumps to 2.9% as Energy Bills Fuel Fresh Squeeze

      CPI hit 2.9% in July on a 13% energy cap rise, erasing months of easing and reviving pressure on households and the government.

      Still open after this report

      • No verified oil price, gilt yield, or budget date is established in the sources for August to October.

    History

    1. Opened1 report

    Who's involved

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    • United KingdomUnited Kingdom1 report

    Every outlet we read on this story

    11 sources10 outlets1 video1 wire copy