UK headline consumer price index (CPI) inflation was 0.6% in July, up from 0.5% in June, new data released by the Office for National Statistics (ONS) has revealed.
This is the highest inflation rate for 20 months, but still well below the Bank of England's 2% target. Over the coming months inflation is expected to rise, a consequence of the pound's decline.
Source Moneywise http://ift.tt/2b1zCBf
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