UK inflation remains at 2.2% in August, influenced by rising airfares and lower fuel prices.
UK inflation held steady at 2.2% in August, as reported by the Office for National Statistics. This rate aligns with previous forecasts and reflects rising airfares, particularly for European routes, offset by lower fuel prices and falling restaurant costs. The Bank of England will announce its interest rate decision soon, with expectations that it may not cut rates in the immediate future due to persistent inflationary pressures affecting households.
September 17, 2024
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