Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Inflation jumps to 2.6% in July

Inflation increased to 2.6% in July, up from 2.4% in June, driven by the clothing and footwear sectors as well as transport fares.

It is the first time the consumer price index (CPI) figure had risen since March. Analysts had expected a fall.

The Retail Price Index increased to 3.2% from 2.8% in June.

Prices across clothing and footwear fell by 2.6%, which is the smallest fall in the category in July since 1996. In June the category showed a record fall in prices, slumping by 4.2%.

Transport prices jumped 1% in July against a 0.6% increase a year ago. Air fares soared 21.7% last month – the largest increase in July in eight years.

There were no significant downward pressures on inflation but most food categories had a small downward effect.




Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.