UK inflation accelerates in July - batten down the hatches..

The UK government's targeted rate of inflation rose in July, figures show.

The rate of Consumer Prices Index (CPI) inflation rose to 4.4% from 4.2% in June, although the Retail Prices Index (RPI) measure was unchanged at 5%.

Prices of clothing and footwear saw their biggest annual increase since records began in 1997.
BBC News - UK inflation accelerates in July

So the Bank of England reckons they can get it back under control within 2 years, lets hope so