Key Takeaway
Higher energy costs push up CPI but jobs slowdown could deter Bank of England from raising interest ratesBusiness live – latest updatesUK 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.
Published August 19, 2026 · Category: News
Overview
Higher energy costs push up CPI but jobs slowdown could deter Bank of England from raising interest rates
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.
Details
Underscoring the challenge for Andy Burnham’s government to give “breathing space” to hard-pressed consumers, the Office for National Statistics said inflation rose from 2.6% in June.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "UK inflation rises to 2.9% as Iran war fuels living costs squeeze" about?+
Higher energy costs push up CPI but jobs slowdown could deter Bank of England from raising interest ratesBusiness live – latest updatesUK 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.Underscoring the challenge for Andy Burnham’s government to give “breathing space” to hard-pressed consumers, the Office for National Statistics said inflation rose from 2.6% in June. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.