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.


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