Inflation watchers were greeted by a rise this month, with the latest official figures showing a rise to 2.5% for the year to July. Price inflation, as measured by the Consumer Prices Index (CPI) rose from 2.4% the previous month, due in part to higher prices for transport costs and computer games. There were some falls in the price of clothing which partly offset these price rises. It’s the first rise in CPI price inflation since last November, in line with medium term economic forecasts and remaining higher than the Bank of England’s target of 2%.