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[BUSINESS] · United Kingdom, Canada · 45 sources

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Part of situation: Canada inflation fluctuates amid food and energy pressures (5 clusters)

UK and Canada inflation rises amid energy and fuel price surges

inflation rate energy price cap gasoline prices consumer price index cost of living

Inflation in the United Kingdom rose to 2.9% in July, up from 2.6% in June, marking its highest level since March. This increase was primarily driven by a 13% rise in the Ofgem energy price cap, which increased average annual household bills to £1,862. Chancellor John Healey attributed the surge to the impact of the Middle East conflict on energy prices. While services inflation eased slightly to 3.4%, food inflation dropped to 1.3%, the lowest in nearly five years.

In Canada, annual inflation accelerated to 3% in July, up from 2.8% in June. This rise was largely fueled by a 25.7% year-over-year jump in gasoline prices, linked to geopolitical tensions in the Middle East and disruptions in the Strait of Hormuz. Additionally, travel and tour costs rose significantly, partly due to increased demand surrounding the FIFA World Cup. Excluding gasoline, Canada's inflation rate remained at 2.2% for the third consecutive month.

Entities

Bank of Canada · Bank of England · Belgium · Canada · Donald Trump · European Union · FIFA World Cup · Great Britain · John Healey · Mark Carney · Ocado · Office for National Statistics

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

"Trumpflation" Is Real -- and Getting Worse. Here Are 2 Stocks That Turn Rising Prices Into Rising Profits. | The Motley Fool [www.fool.com]
2 days ago
Inflation is heating up but don't expect another crisis [www.bbc.co.uk]
2 days ago
"Exploding people's bills": Sharp energy price jump sparks bitter clash as UK inflation leaps to 2. 9% [www.dagens.com]
2 days ago
Oil prices rise as US-Iran ceasefire ends; UK wage growth slows amid cost of living squeeze – business live | Business [www.europesays.com]
3 days ago
Les prix de l'essence ont fait monter l'inflation à 3,0 % en juillet au Canada - Ma Côte-Nord [macotenord.com]
4 days ago
Food price rise ease offers shoppers some relief amid general inflation rise [retailwit.com]
2 days ago
Surging energy prices push inflation up to highest level since March [www.rotherradio.co.uk]
3 days ago
Inflation hits four-month high | Pump price rises slow [www.fleetnews.co.uk]
2 days ago
Energy Bills Rising: How Solar Can Cut Costs [solarthermuk.co.uk]
2 days ago
UK Inflation Hits 2. 9% Amid Rising Energy Costs [thevaultznews.com]
2 days ago
GB grocery inflation slows to lowest point in almost 2 years [www.agriland.co.uk]
3 days ago
UK CPI set to show inflation pickup in July due to higher energy prices [bitcoinethereumnews.com]
3 days ago
Inflación en Canadá sube un 3% por aumento de la gasolina [deultimominuto.com]
4 days ago
Highest inflation in four months means Budget must tackle squeeze on business - East Midlands Chamber [www.emc-dnl.co.uk]
2 days ago
La facture d’énergie relance l’inflation britannique [lesinguliersete.fr]
2 days ago
Gas price rebound drives inflation up to 3% in July: StatCan [www.canadianmanufacturing.com]
4 days ago
Canada inflation rises to 3% as new US tariffs loom [www.planet-today.com]
4 days ago
Energy price cap hike set to send July inflation surging [pa.media]
3 days ago
Inflation rises to 3% in Canada as global energy volatility persists [realeconomy.rsmus.com]
4 days ago
Winter favourites and olive oil cheaper YoY, with Foodstuffs basket up 1. 2% | RW [retailworldmagazine.com.au]
3 days ago
Gas and travel tours drive inflation to 3 per cent in July [sarnianewstoday.ca]
4 days ago
Grocery price inflation falls to lowest level since October 2024 [www.slrmag.co.uk]
3 days ago
UK inflation rises to 2. 9% [ukinvestormagazine.co.uk]
3 days ago
UK inflation rises to 2. 9% after energy price cap increase [bmmagazine.co.uk]
2 days ago
Deadline looms as Trump's 50 per cent tariffs set to take effect [www.brandonsun.com]
3 days ago
Why has inflation shot up and where will it go from here? [ca.news.yahoo.com]
2 days ago
Hot Weather Drives UK Supermarket Sales – NIQ [www.checkout.ie]
2 days ago
Gas price rebound drove inflation up to 3% in July: StatCan [cheknews.ca]
4 days ago
Gas price rebound drove inflation up to 3% in July: StatCan [www.durhamradionews.com]
4 days ago
UK inflation hits four-month high of 2. 9% as energy bills soar [www.euronews.com]
2 days ago
investingLive European session wrap: Dollar cools on mixed markets, UK inflation picks up in July [investinglive.com]
2 days ago
Grocery inflation eases to 2. 1% as heatwave boosts summer staples - Grocery Gazette - Latest Grocery Industry News [www.grocerygazette.co.uk]
4 days ago
Les prix de l’essence ont alimenté l’inflation en juillet, sans provoquer une hausse des taux [www.lesaffaires.com]
4 days ago
Inflation rises to 2. 9% in July: ONS [www.mortgagestrategy.co.uk]
2 days ago
Worldpanel by Numerator: heatwave has shoppers reaching for summer staples, while inflation slows to 2. 1% [retailtimes.co.uk]
3 days ago
UK energy bills to rise in October as heatwaves take toll [www.solarpowerportal.co.uk]
2 days ago
Food price rise ease offers shoppers some relief amid general inflation rise [www.talkingretail.com]
2 days ago
La inflación en Canadá sube al 3% interanual en julio impulsada por precios de la gasolina [vanguardia.com.mx]
4 days ago
Canada’s July annual inflation accelerates to 3% as gasoline rebounds [wsau.com]
4 days ago
Yorkshire Times [yorkshiretimes.co.uk]
2 days ago
Food price rises ease but headline UK inflation back on the increase [www.thegrocer.co.uk]
3 days ago
Nearly £300,000 wiped off average house price in central London in 25% slump, shock figures reveal [uk.news.yahoo.com]
2 days ago
In the news today: Trump delays tariffs, B. C. wildfire update, Alberta data centres [www.winnipegfreepress.com]
2 days ago
Household energy bills expected to jump to three-year high in October [www.independent.co.uk]
2 days ago
Annual UK house price growth slowed to 2% in June, says ONS [www.standard.co.uk]
2 days ago