United Kingdom: Inflation comes in at highest level since March 2012 in August
September 15, 2021
Consumer prices increased 0.71% over the previous month in August, swinging from July's 0.02% drop. August's figure was the sharpest increase in prices since August 2018, and was largely driven by rising food prices.
Inflation increased to 3.2% in August, above July’s 2.0%. August's figure marked the highest inflation rate since March 2012. Annual average inflation rose to 1.3% in August (July: 1.0%). Finally, core inflation rose to 3.2% in August, from July’s 1.8%.