UK CPI rose to 2.9% in July 2026, a four-month high, as Ofgem's 13% energy price cap hike pushed household gas bills up 14.7%.

Europe Intelligence Brief August 19: British inflation rose to 2.9% on a 13% energy cap rise, with July rates running from 0.3% to 8.2%.

Inflation has risen to 2.9%, the latest official figures show it was driven by rising gas prices, largely a result of the US Iran war.