UK inflation rises as lockdown eases – business live

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Rolling coverage of the latest economic and financial news

7.15am BST

Good morning,and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Inflation across the UK economy has risen faster than expected, in a blow to households struggling under the pandemic.

@ONS data shows #UK CPI #inflation rose to 1.0% in July 2020 (stronger than expected), highest rate since March & up from 0.6% in June.

Largest upward pressure on prices in July came from Clothing, petrol prices, and furniture and household goods pic.twitter.com/P2MYhf5q8i

European Opening Calls:#FTSE 6093 +0.28%#DAX 12902 +0.16%#CAC 4943 +0.09%#AEX 560 +0.02%#MIB 19852 +0.03%#IBEX 7055 +0.16%#OMX 1766 +0.36%#STOXX 3294 +0.14%#IGOpeningCall

I postponed talks with China. You know why? I don’t want to deal with them now. I don’t want to deal with them now.

With what they did to this country and to the world, I don’t want to talk to China right now. Okay?

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