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| Version 1 | Version 2 |
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| UK inflation rises to 1% in July as lockdown eases | 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. | 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. | 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. | "In addition, prices for private dental treatment, physiotherapy and haircuts have increased with the need for PPE contributing to costs," the ONS said. |
| The rise, which surprised economists, will mean a bigger increase in some rail fares from January. | |
| Season ticket prices and other regulated fares are pegged to the Retail Prices Index, which is no longer considered a national statistic by the ONS. It rose to 1.6% from 1.1%. | |
| The Bank of England said earlier this month that it expects inflation to drop again soon. | 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. | 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. | "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. |
| 'Activity in the economy' | |
| Core inflation rose to 1.8% from 1.4%. That measure excludes energy, food, tobacco and alcohol prices, as they are considered volatile. | |
| The rise was a surprise to economists, said Neil Birrell, chief investment officer at money manager Premier Miton. "It's a bit early to call the return of inflation, but it does show that there is activity in the economy," he said. | |
| The ONS monitors the prices of a selection of goods and services commonly bought by British households. What cost £100 last year should cost £101 today. | |
| As lockdown restrictions have eased, more goods and services that the ONS have become available, it said. |