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UK Inflation Jumps to 2.9% as Energy Bills Bite

Inflation has leaped up following the reset of the energy price cap, official data has revealed, marking the likely beginning of a long run of increases in price growth.

  • UK inflation rises to 2.9% in July, up from 2.6%
  • Energy bills and raw material costs drive price increases
  • Chancellor John Healey says economy remains resilient

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