British factory gate prices rose at their fastest pace in over two years in July. That came as the fall in the pound after Britain's decision to leave the European Union pushed up import prices. 

Official data showed that producer prices rose 0.3  percent in July, compared with the same month last year. The increase was stronger than economists had forecast. 

Meanwhile,  consumer prices gathered some steam, rising 0.6 percent in July compared with a year earlier. That was their biggest rise since  the end of 2014.