UK inflation creeps up less than expected to 2.2% after two months at target

Services inflation in decline

Cristian Angeloni
clock • 3 min read

The UK Consumer Price index rose by 2.2% in the 12 months to July 2024, after reaching the Bank of England’s 2% target in the previous two months, according to the Office for National Statistics.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

UK GDP rises 0.5% in February ahead of Iran conflict

UK GDP rises 0.5% in February ahead of Iran conflict

BoE will not 'rush' judgements

Linus Uhlig
clock 16 April 2026 • 2 min read
ONS pushes Transformed Labour Force Survey transition to 2027

ONS pushes Transformed Labour Force Survey transition to 2027

Deadline December 2027

Linus Uhlig
clock 15 April 2026 • 1 min read
OECD downgrades GDP growth forecasts as energy prices surge

OECD downgrades GDP growth forecasts as energy prices surge

UK GDP growth of 0.7% predicted

Patrick Brusnahan
clock 26 March 2026 • 2 min read
Trustpilot