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P108 CEEFAX 1 108 Tue 08 Jul 19:58/44       RATE OF INFLATION JUMPS TO 2.9% IN JUNE The rate of inflation rose to 2.9% last month from 2.6% in May, raising fears of an interest rate rise this week. The Government's preferred measure — which excludes housing costs — rose to 2.7% from 2.5% in May, the Office for National Statistics said. The figures mean Labour has missed its target for underlying inflation of 2.5% in its first month in administration. Former Chancellor Kenneth Clarke urged the Bank of England not to put up rates Headlines 101 Index 102 Sport 300 Front page 100 TV 600 Weather 400 Next News News Indx Letters Main Menu