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Inflation rises to 4.4% in July

Inflation rose to 4.4% in July, up from 4.2% in June.

The Office for National Statistics said the Consumer Prices Index measure of inflation was impacted by factors including clothing and footwear as well as furniture.

The ONS said that the only significant downward pressure came from food and non-alcoholic beverages where prices, overall, rose by 0.3%, compared with a rise of 1% a year ago.

July’s Retail Prices Index measure of inflation remained unchanged from June, at 5%.

Bank of England governor Mervyn King is writing again to the chancellor George Osborne to explain why CPI inflation remains above the 2% target rate.

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Thomas Sabo

Fast Facts on
Wedding rings

  • 860 AD:The year Christians started using rings in marriage ceremonies.
  • 4th:The finger the ring is placed on.
  • 2,200BC:The year of the oldest recorded exchange of wedding rings in ancient Egypt.
  • 1854:The year in which the manufacture of 15ct, 12ct and 9ct became legal.

Photo from William Cheshire