Economics
U.K. Inflation Rate Accelerates on Fuel, Transport, Games
- Upward pressures offset by clothing as stores extend discounts
- Bank of England expects inflation to resume its downward path
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U.K. inflation accelerated for the first time in eight months in July, boosted by the cost of auto fuel, transport tickets, computer games and food.
Annual consumer-price growth quickened to 2.5 percent from 2.4 percent in June, as economists forecast, figures from the Office for National Statistics Wednesday show.