United Kingdom: Inflation stable in August
September 13, 2016
In August, consumer prices increased 0.3% over the previous month, which contrasted the 0.1% drop seen in the previous month. August’s figure marked the highest reading in five months. The increase reflected higher prices for transportation and restaurants and hotels.
Inflation was 0.6% in August, which matched the previous month’s reading, thus remaining at the highest level in over a year. The reading came in below the 0.7% expected by the markets. Finally, annual average inflation inched up from 0.2% in July to 0.3% in August, the highest figure in a year.
Author: Dirina Mançellari, Senior Economist