ONS releases figures as Bank of England considers holding interest rate at 4% to tackle rising prices
UK inflation held steady in August, official figures show, adding to pressure on households as the Bank of England considers keeping interest rates at elevated levels in order to combat fast-rising consumer prices.
Figures from the Office for National Statistics show the annual rate of inflation as measured by the consumer prices index remained at 3.8% last month, the same level as July, matching the forecasts of City economists.
Continue reading…ONS releases figures as Bank of England considers holding interest rate at 4% to tackle rising pricesUK inflation held steady in August, official figures show, adding to pressure on households as the Bank of England considers keeping interest rates at elevated levels in order to combat fast-rising consumer prices.Figures from the Office for National Statistics show the annual rate of inflation as measured by the consumer prices index remained at 3.8% last month, the same level as July, matching the forecasts of City economists. Continue reading…
