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Oil price rises above $90 as US and Iran exchange fire and Houthis threaten naval blockade in Saudi Arabia - business live
Rolling coverage of the latest economic and financial news More on the cost of living: new figures show that UK grocery inflation eased in the four weeks to 12th July to 2.6%, its lowest rate since December 2024. It marks the fifth consecutive month of slowing price rises, Worldpanel by Numerator found. Easing price rises will come as welcome news to shoppers, but the annual bill tells a fuller story. The average household spent £5,530 on groceries over the past twelve months to July, up £156 o…
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