Inflation Rises to 2. 9% in Blow to UK Economy The recent jump in inflation to 2. 9% is a stark reminder that economic headwinds are gathering strength in the UK.
Energy price hikes and concerns over food costs are driving this rise, casting a long shadow over households and businesses alike. Core inflation, which strips out energy and food costs, remains stubbornly high at 2.
6%. This figure masks underlying structural issues plaguing the economy. The Great British Summer Savings Scheme offered temporary relief but had limited impact on sustained price increases.