Article 3WVFN Rising fuel prices push up UK inflation for first time in 2018

Rising fuel prices push up UK inflation for first time in 2018

by
Phillip Inman
from Economics | The Guardian on (#3WVFN)

Higher costs at the pump add to squeeze on household incomes after months of falling wages growth

Higher fuel prices in July pushed up the rate of inflation for the first time this year to put an extra squeeze on household incomes following several months of falling wages growth.

The consumer prices index (CPI) rose at an annual rate of 2.5% last month after holding at 2.4% in the previous three months, following a steep rise in annual energy price growth from 8.7% in June to 9.3%.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments