Figures from the Office for National Statistics showed a further increase in July from 9.4% in June, as measured by the consumer price index (CPI). The rate was last higher in February 1982. Subscribe to Business Today Get ready for the business day – we’ll point you to all the business news and analysis you need every morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. The reading was higher than the 9.8% forecast by city economists. Households are expected to come under further pressure this autumn from a fresh rise in energy bills, which the Bank of England predicts will push inflation above 13% and trigger a long recession as families cut back on spending. More details soon…
