Inflation has moved up a couple of ticks for the 12 months to June from 0.3% to 0.5%. Brexit in there at all? No far too soon all data involved pre Brexit. Football related? Well yes there is an element of the beautiful game involved in the shape of the recent French Euros.

You can always check the school holiday period in the UK by looking at the price rises of flights and holidays, well the same happens for any big events and during the period, airline prices jumped just under 11% for the last two months, impacting quite substantially on UK inflation. This was not all down to blatant opportunism. The falling oil price has stopped falling and has impacted on airline costs and will feed through to food prices as delivery costs escalate.

If fuel prices continue to rise it will only be a matter of time before the energy companies start raising prices and this will add fuel to the flames of rising inflation.