UK Inflation Rises to 3.1 Percent in August
British inflation accelerated to a five-month high of 3.1 percent in August driven by surging energy and fuel costs. Core and services measures remained stable offering some relief for the Bank of England ahead of its rate decision.
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United Kingdom inflation accelerated to a five-month high of 3.1% in August, driven by petrol, diesel, and long-haul airfares. The annual headline rate matched economist forecasts collected by Reuters ahead of official data releases.
