Annual rate in August unchanged, and hovering above Bank of England’s 2% targetThe UK’s annual inflation rate rose by 2.2% in August, matching the increase in July, as lower petrol prices at the pump were offset by higher air fares.Figures from the Office for National Statistics (ONS) show the government’s preferred measure of the cost of living remained steady, matching forecasts by City economists and hovering just above the Bank of England’s 2% target. Continue reading…
Source link : https://www.theguardian.com/business/2024/sep/18/uk-inflation-bank-of-england-target-interest-rates
Author : Phillip Inman
Publish date : 2024-09-18 08:48:30
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