U.K. output price inflation accelerated more than expected to 2.2 percent annually in August from 1.8 percent in July, the Office for National Statistics said Friday. The annual rate was forecast to rise to 1.9 percent.
Output prices climbed 0.5 percent month-on-month, which was bigger than the 0.1 percent increase in July and 0.2 percent rise forecast by economists.
At the same time, input prices gained 1.4 percent year-on-year, partially offsetting the 2.4 percent decline in July. The annual rate matched economists' expectations. Monthly inflation rose to 2 percent from 0.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.