The UK's inflation rate rose to 2.9% in the year to July, up from 2.6% the month before
Widely expected by economists, the increase was driven by "the largest rise in gas prices for almost four years", the Office for National Statistics says
Incomes for most - for now - are continuing to outpace prices but if the war in the Middle East drags on, the inflation rate could risk creeping higher," writes our deputy economics editor
Chancellor John Healey says "Iran war inflation continues to impact prices here at home, but Britain's economy is resilient"
The Consumer Prices Index (CPI) inflation measure is based on a sample of everyday items and services - the Bank of England has a target of keeping it at 2%
A reminder: Inflation measures the increase in prices over time. Higher and lower rates refer to the pace of that increase - if the rate drops, it does not mean prices are falling
Jump in energy bills drives inflation to 2.9% - the highest rate for four months