{"id":711928,"date":"2026-07-26T12:01:54","date_gmt":"2026-07-26T12:01:54","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/711928\/"},"modified":"2026-07-26T12:01:54","modified_gmt":"2026-07-26T12:01:54","slug":"uk-inflation-falls-to-2-6-driven-by-lower-fuel-prices-but-drop-not-expected-to-last","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/711928\/","title":{"rendered":"UK inflation falls to 2.6%, driven by lower fuel prices, but drop not expected to last"},"content":{"rendered":"

Inflation slowdown likely to be undone by oil price jumppublished at 09:46 BST 22 July<\/p>\n

09:46 BST 22 July<\/p>\n

Dearbail Jordan & Ben King
Business reporters<\/p>\n

Most economists expect that the inflation rate for June will be the lowest for a while.<\/p>\n

Why? The world is still very vulnerable to an energy price shock. <\/p>\n

Oil prices are heading upwards and today Brent crude rose by nearly 4% to $94 a barrel after another night of US strikes on Iran, and reports of oil tankers turning round in the Red Sea following warnings from Iran-backed Houthi militia in Yemen.<\/p>\n

That’s the highest price since 10 June. <\/p>\n

If sustained, higher oil prices will be passed on through the petrol pump, and feed into the price of other goods and services too.<\/p>\n

\"FuelImage source, Reuters<\/p>\n

Last month, oil had fallen to around $72 as the US and Iran agreed to extend a ceasefire. The price was back to where crude was before the conflict began on 28 February.<\/p>\n

Now, that agreement between the US and Iran has fallen apart.<\/p>\n

Overnight, Secretary of State Marco Rubio said: “The problem we’re having right now is that [Iran’s] not serious about talks.<\/p>\n

“If they’re serious, we’re serious. If they’re not, then we will do what’s necessary to protect our interests, and also the interests of our allies.”<\/p>\n","protected":false},"excerpt":{"rendered":"Inflation slowdown likely to be undone by oil price jumppublished at 09:46 BST 22 July 09:46 BST 22…\n","protected":false},"author":2,"featured_media":711929,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-711928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/711928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=711928"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/711928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/711929"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=711928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=711928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=711928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}