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UK inflation rises to 1% in July as lockdown eases | |
(32 minutes later) | |
UK consumer price inflation jumped to 1% in July from 0.6% in June as lockdown measures eased further. | |
The Office for National Statistics (ONS) said the figure was boosted by rising petrol and clothing prices. | |
"In addition, prices for private dental treatment, physiotherapy and haircuts have increased with the need for PPE contributing to costs," the ONS said. | |
The Bank of England said earlier this month that it expects inflation to drop again soon. | |
It could fall to -0.3% in August, the central bank said. | |
"Inflation has risen, in part, due to the largest monthly pump price increase in nearly a decade, as international oil prices rose from their lows earlier this year," said Jonathan Athow, deputy national statistician for economic statistics at the ONS. |