Inflation leaps to 2.9 per cent in blow to Burnham

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Burnham could face inflation problems. (Yui Mok/PA Wire) 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 ...

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(Yui Mok/PA Wire) 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 ...</p>\n\n<a href=\"https://www.cityam.com/inflation-leaps-to-2-9-per-cent-in-blow-to-burnham/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ILCV","symbol_name":"iShares Morningstar Value ETF","start_time":0,"source_url":"https://www.cityam.com/inflation-leaps-to-2-9-per-cent-in-blow-to-burnham/","article_id":"2660417955","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/07/Burnham.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/inflation-leaps-to-2-9-per-cent-in-blow-to-burnham/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2660417955","pubTimestamp":1787120716,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Burnham could face inflation problems.  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.The Office for National Statistics  put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation reading was 2.6 per cent.Services inflation, a measure closely watched by Bank of England policymakers given it provides signals on wage pressures, eased to 3.4 per cent while core inflation, which strips out food and energy, was 2.6 per cent.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ILCV":"iShares Morningstar Value ETF","SDOG":"ALPS Sector Dividend Dogs ETF","SAMT":"Strategas Macro Thematic Opportunities ETF","BAMA":"Brookstone Active ETF","FXD":"First Trust Consumer Discretiona","EES":"WisdomTree U.S. SmallCap Fund","DFUV":"DIMENSIONAL US MARKETWIDE VALUE ETF","EQRR":"ProShares Equities for Rising Rates ETF","VOTE":"TCW Transform 500 ETF","IMCG":"iShares Morningstar Mid-Cap Growth ETF","REMC":"COLUMBIA RESEARCH ENHANCED MID CAP ETF","RMIF":"LHA Risk-Managed Income ETF","ESLV":"Eventide Large Cap Value ETF","ADPV":"ADAPTIV SELECT ETF","AGGZ":"Twin Oak Enhanced Fixed Income ETF","FITZ":"Fitz-Gerald Must Have Portfolio ETF","SPCT":"Liberty One Spectrum ETF","CLIX":"ProShares Long Online/Short Stores ETF","BKDV":"BNY MELLON DYNAMIC VALUE ETF","RULE":"Adaptive Core ETF","MODL":"VictoryShares WestEnd US Sector ETF","CGUI":"Capital Group Ultra Short Income ETF","TEQI":"T. 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(Yui Mok/PA Wire) 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. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation reading was 2.6 per cent.Services inflation, a measure closely watched by Bank of England policymakers given it provides signals on wage pressures, eased to 3.4 per cent while core inflation, which strips out food and energy, was 2.6 per cent. \n\n“Upward pressures included furniture prices falling by less than usual for this time of year, and also a smaller fall for clothing prices due to reduced discounting,” Mike Hardie, deputy director for prices at the ONS, said.“The prices of raw materials and goods leaving factories slowed again, driven by a drop of crude oil and refined petroleum respectively.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nChancellor John Healey has said “Britain’s economy is resilient” despite the Iran war impacting “prices here at home”.\n\nHe backed government cost of living measures to ease pressures for families.“We have cut VAT on electricity bills and capped bus fares at £2 – to give breathing space to those feeling the strain,” Healey said.“There is more to do to restore hope and build a stronger economy where prosperity is shared more fairly across Britain.“\n\nShadow chancellor Sir Mel Stride said: “Price rises are accelerating once again under Labour. When the Conservatives left office inflation was bang on the two per cent target, now it has been above that level for 22 months in a row.“This will be a worry for families across the country. Labour’s tax rises and business bashing have driven the cost of living higher and higher, yet Andy Burnham refuses to rule out yet more tax hikes at the Budget.”Scott Gardner, investment strategist at J.P. Morgan Personal Investing, said July data showed the impact of the Iran war was feeding into household bills.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2660417955","isCrawlerRequest":true}