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

Inflation has risen to 2.9%, the latest official figures show it was driven by rising gas prices, largely a result of the US Iran war.

The Mirror explains how to cut the cost of your bills - from energy to water and mortgages - as inflation hits its highest rate since March, plus a warning for savers

New inflation figures show household costs are rising at a faster rate, with higher energy bills adding further pressure to budgets.

A 2.9% rise in inflation had been widely expected by economists, with Chancellor John Healey saying the Iran war “continues to impact prices here at home”.

A 13% jump in the energy price cap drove UK inflation to 2.9% in July, the sharpest gas price rise in almost four years.

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.

UK inflation rises to 2.9% in year to July as Iran war continues to impact prices  lbc.co.uk

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...

UK inflation rises to 2.9% as energy price cap lifted  The Times