Inflation surges on fuel costs and clothes prices after lockdown in UK

Inflation

UK inflation jumped to its highest level for four months in July after the largest hike in fuel prices for nearly a decade and as clothing retailers held off from steep discounts after lockdown, official figures have shown.

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation lifted unexpectedly to 1% in July from 0.6% in June.