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UK inflation rate rises to 0.1% in July

UK inflation rate rises to 0.1% in July

In this episode we speak to brothers Alex and Adrien Grosjean, young entrepreneurs who have recently acquired The Residence Inn by Marriott Manchester Piccadilly. We discussed the reasons why Manchester’s visitor market is booming, and their decision to invest in this area, why they see extended-stay accommodation as a major opportunity in what is one of the UK's fastest-growing cities, how they plan to enhance their portfolio of hotels, and their advice for the next generation of hospitality disruptors.

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The UK inflation rate has crept up from the zero-mark to 0.1% in July, according to the Consumer Prices Index measurement.

A smaller fall in clothing prices during the month compared with the same time last year was the main contributor to the rise in inflation, the Office for National Statistics (ONS) said.

However, the ONS added that falling prices for food and non-alcoholic beverages partially offset the rise.

Earlier this year inflation dipped to 0.1%, this was the first time inflation turned negative for the first time since records began in 1960.

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