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 moved up 0.3 percent, following a 0.1 percent rise in July. Core inflation that excludes prices of energy, food, alcohol and tobacco eased to 3.6 percent from 3.8 percent in July.
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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.