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UK inflation rate rises to 2.9% in June

16 July 2013 Last updated at 19:47 BST

The rate of consumer price index (CPI) inflation increased to 2.9% in June, up from 2.7% in May, according to the Office for National Statistics (ONS).

The figure, a 14-month high, was lower than the 3% expected by markets.

Retail prices index (RPI) inflation also rose, to 3.3% from 3.1% in May.

Hugh Pym reports.