UK inflation rises to 2.6 per cent in July
Inflation increased last month to 2.6 per cent year-on-year, compared with 2.4 per cent in June, according to the latest figures from the Office for National Statistics (ONS).
The consumer prices index (CPI) measure of inflation has fallen from 3.6 per cent in January.
Meanwhile, the ONS reported that the retail prices index - which includes housing costs - has risen 3.2 per cent year on year. This is up from 2.8 per cent in June, and was driven up by housing costs in addition to transport costs, which also contributed to the CPI increase.