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Following data Posted by the National Statistics Office (ONS) on Wednesday.
Economists interviewed by Reuters expected inflation to reach 3.8% in twelve months by August.
In August, the main inflation, which eliminates more volatile energy, food, alcoholic and tobacco prices, increased by 3.6%, which decreased compared to 3.8% in twelve months by July.
The data comes after the consumer price index hit Hot than the expected 3.8% In July exceeding the forecasts.
Finance Minister Rachel Rivz commented that she admitted that “families are considered tough and that for many the economy feels detained. That is why I am determined to reduce the costs and support people who face higher bills.”
Sterling’s pound was slightly lower than the dollar after the data is at $ 1.3637.
Bank of England closely monitors inflation data After forecasting the consumer price index can reach 4% in SeptemberBefore the retreat at the beginning of 2026.
Central Bank reduce interest rates In August, taking a key rate from 4.25% to 4%, and saying that a “gradual and careful” approach to monetary weakening, remembering the inflation pressure, but is aware of the need to promote growth and investment.
Next, it occurs on Thursday, but this month is not expected to adjust.
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