Rio Times · Europe Intelligence Brief August 19
Key Facts
—British prices rose to 2.9% Consumer inflation climbed from 2.6% in June to a four-month high in July, the Office for National Statistics reported on 19 August.
—One decision did most of it Household gas prices rose 14.7%, the largest increase since October 2022, after a 13% rise in the regulator’s price cap took effect in July.
—British core prices ran hotter than expected The measure excluding food and energy held at 2.6%, above the 2.5% forecast, against a Bank of England target of 2%.
