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UK inflation stayed at 3.8% in August, driven by rising food prices, keeping rates above target.
UK inflation held steady at 3.8% in August, with food and drink prices rising at a 5.1% annual rate—the highest since January 2024—driven by higher costs for vegetables, milk, eggs, cheese, and fish.
Despite a drop in airfares, increases in fuel and hospitality costs contributed to the overall inflation rate, which remains above the Bank of England’s 2% target.
Core inflation eased to 3.6%, suggesting some underlying disinflation, but ongoing food price pressures may lead the BoE to delay interest rate cuts.
Chancellor Rachel Reeves said the government is taking steps to support households facing higher bills and strengthen the economy.
La inflación del Reino Unido se mantuvo en un 3,8% en agosto, impulsada por el aumento de los precios de los alimentos, manteniendo las tasas por encima del objetivo.