Jens Schlueter / Stringer UK rate of consumer price inflation rises to 2.5% in July, up from 2.4% in the previous month, according to the Office for National Statistics. The rise in inflation was down in part to the increased cost of video games in the UK, as well as higher transport fares. CPIH, the ONS' preferred method of measuring inflation was at 2.3% in July, unchanged from the previous month. LONDON — Inflation in the UK climbed in the month of the July, as had been expected, according to the latest data from the Office for National Statistics released on Wednesday. The ONS reported that the rate of consumer price inflation, the most watched measure, increased from 2.4% in June, to 2.5% in July, reversing a trend of gradually declining inflation over the course of 2018.See the rest of the story at Business InsiderNOW WATCH: Is marrying your cousin actually dangerous?See Also:I've saved enough at age 28 that I'll be a multimillionaire by retirement, and I used Warren Buffett's favorite investing strategy to do itIt's becoming more and more clear that Brexit is driving EU nationals out of the UKBritain's unemployment rate has plunged to 4% — a level not seen in more than 40 yearsSEE ALSO: Britain's unemployment rate has plunged to 4% — a level not seen in more than 40 years
Similar Stories to Uk Inflation Just Reversed Its Downward Trend For 2018 — And It's Thanks To The Cost Of Video Games on Bing News
feedback@businessinsider.com (Will Martin), Business Insider
Wed, 08/15/2018 - 1:36am
BING NEWS:
- High inflation could be here to stay as commodity prices spike again after a 2-year decline, World Bank says
"Global inflation remains undefeated," said Indermit Gill, the World Bank's senior president, adding that the world is in a "vulnerable moment." ...
04/25/2024 - 6:41 am | View Link - Stock market today: S&P 500 slides for 5th straight day
Stocks have struggled amid concerns inflation is no longer cooling and the Federal Reserve could ease back on interest rate cuts. Fed officials fueled those worries on Thursday, with Atlanta Fed ...
04/18/2024 - 5:22 am | View Link - More
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