Portrait of the Week: Inflation falls, Hawaii burns and Oxford Street is raided
From our UK edition
Home The annual rate of inflation fell to 6.8 per cent in July, from 7.9 per cent in June. Wages in the period of April to June were 7.8 per cent higher than a year earlier, according to the Office for National Statistics. GDP grew by 0.2 per cent in the second quarter, after growth of 0.1 per cent in the first quarter. The number of people inactive because of long-term sickness rose to more than 2.5 million, 400,000 more than at the start of the Covid-19 pandemic. Unemployment rose from 3.9 per cent to 4.2 per cent. Food prices were 12.7 per cent higher in the four weeks to 6 August than a year earlier, according to Kantar, a research company. Wilko, the homeware chain with 400 outlets, was for sale after going into administration.