What rising inflation means for you and what happens next
Briefly

Inflation in the UK rose slightly last month to 2.2%, climbing back above the target set by the Government and Bank of England after two months at 2%.
July's inflation rate of 2.2% indicates a slight uptick from the 2% recorded in May and June, suggesting prices are increasing faster than before.
The increase relates to Consumer Prices Index inflation; the services sector saw a slight decline, with rates dropping from 5.7% in June to 5.2% in July.
Mainly, inflation's rise was attributed to a decrease in the impact of falling energy bills, which fell more slowly compared to last year.
Read at www.independent.co.uk
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