Higher costs at the pump add to squeeze on household incomes after months of falling wages growthHigher fuel prices in July pushed up the rate of inflation for the first time this year to put an extra squeeze on household incomes following several months of falling wages growth.
The consumer prices index (CPI) rose at an annual rate of 2.5% final month after holding at 2.4% in the preceding three months, following a steep rise in annual energy price growth from 8.7% in June to 9.3%.
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Source: theguardian.com