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Ofgem's decision to hike its energy price cap drove overall inflation in July, according to data from the Office for National Statistics.
Overall UK inflation rose by 2.9% in the 12 months to July 2026, up from 2.6% in June, with the increase driven by rising energy prices – particularly gas bills.
Housing and household services, which include energy costs, made the largest upward contributions to the monthly change in the two key inflation indexes tracked by the Office for National Statistic...
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