Inflation Rises By More Than Expected to 3.8% in July – Guido Fawkes

Inflation Rises By More Than Expected to 3.8% in July

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Latest ONS figures show inflation rose to 3.8% in the 12 months to July. The highest it has been since January 2024…

Economists expected a rise to 3.7%. The main driver was hefty air fares, while the price of petrol and diesel also increased. Shadow Chancellor Mel Stride said: “This morning’s news that inflation has risen even higher than the 2% target is deeply worrying for families.” Bad news for Reeves this recess…