• Published

Inflation in the UK rose to 2.9% in the 12 months to July, the latest figures show.

The increase was driven by an increase in gas prices and a lift to the energy price cap, according to the Office for National Statistics (ONS).

Energy costs rose on 1 July after regulator Ofgem's 13% increase in the price cap on household gas and electricity bills, adding £221 a year to the typical household's bill.

The uptick means the price of goods and services is rising at a faster pace than in the year to June, when the figure was 2.6%.