UK inflation rises to 2.9% as Iran war drives up energy bills

Accelerating prices in July add to pressure on households, with chancellor saying ‘there is more to do to restore hope’ Business live – latest updates 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. The Office for Nati

The rise was spurred by a 13 percent hike in the price cap on household energy bills that took effect last month, a consequence of the ongoing US-Iran war.

Energy bills are forecast to rise by 4% from October according to Cornwall Insight's final forecast

The cost of things is now rising at a faster pace compared with last month.

THE UK’s inflation rate has increased to 2.9%, its highest level since March, official figures show. Inflation is a measure of how fast the costs of goods and services are rising. It was at 2.6% in the 12 months to June, so today's figures represent a small increase. Meanwhile, households could be in for more pain...

South Africa · MARKETS Key Facts —Confidence index: The South African Chamber of Commerce and Industry business confidence index rose to 125.4 in July 2026, up from 123.5 in June. —Headline inflation: Consumer price inflation reached 5.0 percent from a year earlier in June 2026, up from 4.5 percent in May and above the

Britain's new premier has promised to ease the suffering of millions of families unable to afford basic items.

Cost of living crisis: Economists warn 'inflation expected to rise' after shock energy bill hike  GB News

Holly Williams, Press Association Business Editor Higher energy prices are expected to send UK inflation surging back up when official figures are released on Wednesday amid fears the summer’s record heatwaves may also start putting pressure on food costs. Many experts are forecasting that Consumer Prices Index (CPI) i

Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. The rate of Consumer Prices Index (CPI) inflation is tipped to rise to 2.9 per cent in July, climbing from June’s 15-month low of 2.6 per cent, when the Office…