UK Inflation Hits Highest Rate Since March Amid Energy Price Surge

UK inflation has jumped to its highest rate since March after energy prices were pushed up by the Iran war, according to official figures. The Office for National Statistics said Consumer Prices Index (CPI) inflation rose to 2.9% in July, up from a 15-month low of 2.6% in June.

The increase is largely attributed to surging energy prices, which have been affected by the ongoing Iran war. This has led to higher costs for households and businesses, contributing to the rise in inflation.

Experts warn that this trend may continue if global tensions persist, potentially leading to further price increases and economic uncertainty.