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ONS reports Inflation has seen sharpest increase on record in July

Inflation rose to 3.2% last month from 2% in July - its largest ever recorded increase - the Office for National Statistics (ONS) said.

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The Consumer Prices Index measure of inflation rose from 2% in July, the Office for National Statistics (ONS) said, driven by higher food costs.

The rate now exceeds the Bank of England’s 2% inflation target again.

The cost of living went up less rapidly in July because of lower clothing and footwear prices.

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The ONS said much of the effect was likely to be temporary.

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