The headline measure of the cost of living, the Consumer Prices Index (CPI), was 2.2% higher in July, compared with a rise of 2% in June, according to latest figures from the Office for National Statistics (ONS).
However, inflation had been expected to go up to 2.3% so City analysts believe the smaller-than-predicted rise is unlikely to delay further interest rate cuts in the autumn. The rate of inflation last rose in December 2023 when the CPI went up from 3.9% to 4%.
The ONS said the main reason for the tick up in the inflation rate was that gas and electricity prices did not fall as steeply as they had in the same month last year.
Diese Geschichte stammt aus der August 14, 2024-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 14, 2024-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Vamos Rafa! It's time to go for Spain's brave warrior
'Shy and funny' Nadal bows out as sport's ultimate competitor
Does Angeball have a winning future at Spurs?
Head coach divides supporters with his ultra-attacking tactics
The £5bn-a-year tax timebomb that's set to devastate London hospitality
The capital will bear the brunt of Rachel Reeves’s National Insurance raid
Live like a Queen...
...in the house gifted to Anne of Cleves by Henry VIII in 1540 and now onsale for 3.75 million
At home with...Matthew Williamson
The designer’s Belsize Park flatis a grand canvas for his ever-changing colour palette
Hidden London
The first time I made my way to Maison Assouline was with a broken foot, in a tragic boot and crutches.
Jameela Jamil on why New York will always have her heart...
..and her stomach. The actor and activist shares her favourite brunch spot, a secret bar and her brownstone fantasies
My life in bespoke suits
Back in the Eighties, suits were so wide that even the shoulder pads had shoulder pads. Suits back then were boxy, square, and designed to make you look like a quarterback, a bouncer or a tank.
Cher's wild world
The singer's memoir is full of jaw-dropping tales
'I was told I could stay in the UKthen kicked out of my asylum accommodation'
As our appeal hits 1m, we turn the spotlight on an official policy that’s making newly recognised refugees homeless
