Prices rose 2.9% over the year to July, up from 2.6% the month before, and nearly all of that jump came from one line, because gas was 14.7% dearer than a year ago while food was only 1.3% dearer and the underlying rate didn’t move at all. Over roughly the same year, regular pay rose 3.5%. Then on Wednesday Ofgem confirmed the cap goes up again on 1 October, by 4%, and almost all of that is gas as well. So the thing that is actually moving your money is the thing that turns up whether you open it or not, and it is about to move again. The takeaway. This week, find the last energy bill and write the monthly figure down somewhere you’ll see it. Not to cut it. Just so it stops being the one number in your life you’ve agreed not to look at. Sources: ONS consumer price inflation, 19 August 2026. ONS labour market overview, 18 August 2026. Ofgem, 26 August 2026. MSc Behavioural Economics | Qualified Financial Planner