CPI inflation rate rose to 2.6% in July

The rate of consumer price index (CPI) inflation rose to 2.6% in July, from 2.4% in June, the Office for National Statistics announced today.

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Rail fares set to rise by 6.2%

Commuters in England face 6.2% rise in average train fares after a shock increase in the Retail Prices Index measure of inflation. Cars, air fares, clothing and housing are being blamed for the surprise rise in the Consumer Prices Index of inflation.