UK inflation rose by more than expected in July as demand for summer travel pushed up air fares and food prices continued to climb, according to official figures.
Consumer Prices Index (CPI) inflation increased to 3.8% in July, from 3.6% in June, the Office for National Statistics (ONS) said.
It means the headline rate remained at the highest level since January 2024, when it hit 4%.
The ONS said transport was the biggest factor driving up overall inflation last month, particularly due to a spike in flight prices as families booked trips during the school summer holidays.
Speaking to Independent Statistician Jamie Jenkins, Talk’s Mike Graham says: “The borrowing levels are out of control!”
Credit to : The Independent Republic of Mike Graham