By Elliot Gulliver-Needham UK inflation jumped above the Bank of England’s two per cent target after two months of being back on track, rising to 2.2 per cent in July. Figures released this morning by the Office for National Statistics (ONS) showed that prices rose less than had been expected than the City, but still above where the UK’s central bank aims for inflation to be. This was the first rise in the consumer price index since December 2023, as inflation has steady fallen over the last couple of years, with occasional unexpected ticks up. Economists had expected inflation to rise to 2.3 …