UK inflation rises to 2.9%

UK inflation rises to 2.9%
By Euronews
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

The pound has hit a one-year high after UK inflation climbed to its highest rate in more than five years.

The Consumer Price Index showed inflation jumped to 2.9 per cent in August – compared to 2.6 per cent from the previous month.

More expensive clothing and a rebound in global oil prices were said to be behind the price rises.

Core inflation – which strips out volatile energy and food prices – also rose.

The Office for National Statistics has said the slump in sterling since last year’s Brexit vote continues to have a powerful impact on domestic UK prices.

Share this articleComments

You might also like

UK food prices fall for the first time in two years

UK sees surprise fall in inflation

Bank of England increases interest rates for 14th time in a row