UK Inflation Climbs to Four-Month High as Energy Bills Rise
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world UK inflation accelerated in July after energy bills surged, ending a short period of respite for hard-pressed British households. Consumer prices rose 2.9% from a year earlier, up from a 15-month low of 2.6% in June, the Office for National Statistics said on Wednesday. The increase was in line with the median forecast of economists surveyed by Bloomberg. The Bank of England forecast a pickup to 2.8%.