UK inflation sees first rise since November to 2.5%

Helped by rising oil price

UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.

According to the Office for National Statistics, the Consumer Price Index increased as a result of rising prices from computer games and transport fares, which made the largest upward contributions during the month. The increase in oil prices over the past year also fed through to a rise in energy inflation from 8.7% to 9.3%. The price of Brent Crude oil has risen from $50 per barrel a year ago to $72 per barrel.  'Sterling will suffer in the short term': Inflation unchanged at 2.4% in June The figure was in line with analyst expectations but less than the 2.6% expected by the Bank...