The consumer price index (CPI) rose 1% in July from a year earlier, almost double what economists expected, according to data released by the National Bureau of statistics on Wednesday. Core inflation reached its highest level in a year. This kind of price rise is not expected to last long. According to the Bank of England and other economists, inflation will turn negative next month due to lower energy prices and government corporate support measures. < / P > < p > despite the rise in July, inflation is still well below the Bank of England’s 2% target. Central bank officials said this month that the central bank would not tighten monetary policy until inflation rose significantly and kept approaching the 2% target.