Inflation rate grows for first time in more than six months

Business

The pace at which prices are rising has sped up, according to official figures.

The rate of inflation grew to 2.2% in July, up from 2% a month earlier, data from the Office for National Statistics showed.

It is the first time since December last year that the rate has increased, rather than fallen.

But it’s increased less than central bankers at the Bank of England and economists polled by Reuters had forecast.

This means that prices rose slightly faster than before.

Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Articles You May Like

Russia’s climate of fear as it prosecutes hundreds for speaking out against the war
Police warning after 13 dangerous dog reports in under 48 hours
Honda deploys Peterbilt 579EV electric semi out of Alabama plant
Wales vs. South Africa: Warren Gatland determined to remain in charge
Paul Mescal says Saoirse Ronan ‘hit nail on the head’ with comment on women’s safety