Annual rate in August unchanged as consumers reduce spending on big-ticket itemsThe UK’s annual inflation rate rose by 2.2% in August, matching the increase in July, hovering just above the Bank of England’s 2% target.Figures from the Office for National Statistics (ONS) show the government’s preferred measure of the cost of living remained steady as consumers cut back spending on big-ticket items. 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 06:01:39
Copyright for syndicated content belongs to the linked Source.
UK inflation stays at 2.2%, above Bank of England target
