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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.