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UK inflation remained at 3.8% in August, official figures show
UK inflation held steady at 3.8% in August, with core inflation easing slightly to 3.6%, remaining well above the Bank of England’s 2% target, ONS data showed.
- UK inflation remained at 3.8% in August, unchanged from July, according to the Office for National Statistics .
- Food and drink inflation increased to 5.1% in August, up from 4.9% in July, as reported by the ONS.
- The British Chambers of Commerce emphasized that high inflation impacts businesses, urging the government to avoid adding more tax burdens.
- Chancellor Rachel Reeves stated efforts are being made to support families facing higher bills through various economic measures.
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UK inflation stable ahead of central bank rate call
British inflation was unchanged in August, official data showed Wednesday, fuelling expectations that the Bank of England will not cut interest rates again at its meeting this week.
·Calhoun, United States
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Total News Sources55
Leaning Left10Leaning Right7Center14Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
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