UK inflation rises to 3.1%, piling more pressure on households
Annual increase in August comes as Bank of England prepares for decision on interest rates Business live – latest updates UK inflation has returned above 3% as soaring energy prices fuelled by the Iran war heap renewed pressure on British households. Figures from the Office for National Statistics show inflation as measured by the consumer prices index rose from 2.9% in July to 3.1% in August. City economists had forecast a rise to 3.1%. Continue reading...
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Annual increase in August comes as Bank of England prepares for decision on interest rates
UK inflation has returned above 3% as soaring energy prices fuelled by the Iran war heap renewed pressure on British households.
Figures from the Office for National Statistics show inflation as measured by the consumer prices index rose from 2.9% in July to 3.1% in August. City economists had forecast a rise to 3.1%.
Continue reading...
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About this article
- Length
- 76 words · 1 min read
- Published
- September 16, 2026
- Byline
- Richard Partington Senior economics correspondent
- Source
- The Guardian