23 Hrs
Source:
The Guardian
UK inflation reaches 2.9 percent
UK inflation rose to 2.9% in July, driven by higher energy prices amid geopolitical tensions related to the Iran war, marking the first increase since March. The rise reflects the impact of increased gas and electricity costs, adding pressure on households during a period of rising living expenses. The Bank of England is considering interest rate hikes in response to persistent inflation, while government measures aim to ease cost-of-living challenges.
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