Home Business news UK inflation accelerates to 3.8% on higher air fares and other transport...

UK inflation accelerates to 3.8% on higher air fares and other transport costs – business live

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Air fares rose by 30.2% between June and July, compared with a monthly rise of 13.3% a year earlier.

The increase is the biggest July increase since the collection of air fares changed from quarterly to monthly in 2001, and was probably influenced by the timing of school summer holidays.

Continue reading…US tech stocks sell off amid warnings over future of AI boom, Asian markets follow Wall Street lowerAir fares rose by 30.2% between June and July, compared with a monthly rise of 13.3% a year earlier.The increase is the biggest July increase since the collection of air fares changed from quarterly to monthly in 2001, and was probably influenced by the timing of school summer holidays. Continue reading…