RPI inflation rate rose to 3.2% in July

The headline rate of retail price index (RPI) inflation rose to 3.2% from 2.8% in June, the Office for National Statistics said. The underlying rate of RPI inflation rose to 3.2% in July from 2.8% in June.

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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.