UK Inflation Rises on Energy Bills | Bermuda News

UK inflation jumped to 2.9% in July, fueled by a 13% surge in energy bills—just as economists predicted, though the Bank of England expected slightly less. While this puts pressure on the new Prime Minister to ease household costs, the government’s budget is already strained. Meanwhile, core inflation held steady and food prices cooled to a near two-year low, hinting at supermarket competition helping buffer global shocks. The Bank of England remains cautious but calm, noting a cooler job market and slowing factory prices that may limit broader economic heat. Energy costs are rising, but the overall picture shows resilience—not panic. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7c8eba29711cf4b0