UK inflation rises to 2.9% in July as energy price cap lifts household bills
CPI rose to 2.9% in the year to July 2026, up from 2.6% in June - the first increase since March. Almost all of it came from housing and household services, chiefly gas and electricity after July's price cap rise. For buyers, that keeps a September rate cut in doubt and fixed mortgage pricing sticky; for sellers, it argues for realistic pricing. Core CPI was unchanged at 2.6%, so this looks energy-led rather than broad-based.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
More Macro commentary
13 Aug 2026 · Impact 4/9
UK economy grows 0.3% in June as services lead, leaving Q2 growth at 0.4%
30 Jul 2026 · Impact 7/9
Bank of England holds Bank Rate at 3.75% for a fifth meeting as inflation risks push back rate-cut hopes
22 Jul 2026 · Impact 6/9
UK inflation eases to 2.6% in June, lowest since March 2025 and below the 2.7% expected
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