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 government borrowing surges to £14.3bn in February

UK government borrowing surges to £14.3bn in February

Debt interest payments up £5.5bn

Linus Uhlig
clock 20 March 2026 • 2 min read
ECB holds rates as Middle East conflict brews inflation uncertainty

ECB holds rates as Middle East conflict brews inflation uncertainty

Financial conditions have 'tightened'

Patrick Brusnahan
clock 19 March 2026 • 2 min read
Bank of England votes unanimously to leave rates unchanged at 3.75%

Bank of England votes unanimously to leave rates unchanged at 3.75%

Widely anticipated by market

Linus Uhlig
clock 19 March 2026 • 2 min read
Trustpilot