What was the UK's CPI inflation rate in July, and how did it change from June?

The UK's Consumer Prices Index (CPI) inflation rate rose to 2.9% in the 12 months to July, up from 2.6% in the previous month.

Why did UK inflation rise in July, and what role did the Middle East conflict play?

UK inflation rose in July primarily because domestic gas and electricity bills increased following an upward adjustment to Ofgem’s energy price cap on 1 July; this adjustment was based on a reassessment of wholesale energy prices, which the Office for National Statistics stated took into account the impact of the Middle East conflict, pushing gas prices to their highest level since March 2024.

UK inflation rises in July as Middle East conflict pushes up household energy bills

Aug 19, 2026

UK inflation rose to 2.9% in July as Ofgem increased the price cap. Wholesale gas prices reached their highest since March 2024 due to Middle East conflict impacts.

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UK inflation rises in July as Middle East conflict pushes up household energy bills

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