UK Inflation Soars on Energy and Services | Business and Finance News

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Recorded19 Aug 2026

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UK inflation jumped to 2.9% in July, fueled by a 13% surge in energy bills tied to Middle East tensions — though experts expected this spike. While cooling may come later thanks to government relief like VAT cuts and discounts, services are also soaring: rent up 4.1%, internet 12.1%, plus car insurance, childcare, and sports fees. Labor costs and higher employer taxes drive these hikes, while landlords face rising mortgage rates. Meanwhile, food and goods like shoes, clothes, and TVs saw price drops — and the new PM is promising tax relief on electricity and capped bus fares to ease the squeeze. 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/c53968270ea574ce

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