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UK Inflation Hits 2.9% Amid Gas Price Surge

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GBP
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UK inflation rose to 2.9% in July 2026, up from 2.6% in June, driven by a surge in gas prices.

The increase was triggered by rising energy costs, particularly for gas bills, according to the ONS data released on August 19, 2026.

The inflation rate has been affected by global events, specifically the renewal of the Iran conflict.

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