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    Energy price cap hike to surge July inflation

    17 minutes ago

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    Experts predict that UK Consumer Prices Index (CPI) inflation will rise to 2.9% in July, up from 2.6% in June, driven by a 13% increase in Ofgem’s energy price cap. This rise in energy costs, coupled with potential food price pressures from recent heatwaves, could lead to further inflationary challenges for the UK economy.
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