UK inflation rises to 1% in July as lockdown eases

Posted on August 19, 2020August 19, 2020
by Nana Kwesi Coomson
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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.

-BBC

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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