UK consumer prices logged a steady increase in August, the Office for National Statistics said on Wednesday.The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July and also matched economists' expectations. The 3.8 percent inflation was the joint-highest recorded since January 2024, when the rate was 4.0 percent.On a monthly basis, the CPI m...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.