New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

British households are bracing for another cost-of-living squeeze. The Guardian reports that official inflation figures expected on Wednesday are likely to show a spike driven by soaring energy bills—a ripple effect from the ongoing Iran war roiling global energy markets. Economists forecast the UK's headline inflation rate climbed to two point nine percent in July, presenting a mounting challenge for the new Prime Minister as families grapple with rising gas and electricity costs.

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