July CPI was 2.9%, lifted by the Ofgem energy cap.
Market resolves to YES if the Office for National Statistics CPI 12-month rate for August 2026, published in the ONS Consumer Price Inflation bulletin on 16 September 2026, is 3.0% or higher. A reading of 2.9% or below resolves NO. Resolution uses the headline CPI figure published at 7am. Source: ONS Consumer Price Inflation bulletin (ons.gov.uk/economy/inflationandpriceindices).