General · 16 August 2026

UK inflation is expected to reach 2.9% after energy bills rose 13%

The average household will now pay £1,862 a year for gas and electricity following the summer price hike. Ofgem, the energy watchdog, let suppliers raise bills by £221 in July, which economists warn will wipe out recent progress. Official figures on Wednesday are expected to show this change pulling the country away from the Bank of England's 2% target.

By BriefTea Editorial · 16 August 2026 at 17:47

Reported by City AM · How we write briefs

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