UK headline inflation accelerated to 2.9% in July from 2.6%, driven by a 13% household energy price cap reset. It exposes a Bank of England rate-setting committee that was already split three votes to six in favor of a hike weeks earlier.
July’s 2.9% CPI print landed a touch above the Bank of England’s 2.8% forecast, as the Ofgem energy-cap reset outweighed a further easing in services inflation to 3.4%. Source
