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9/15, 8:00 AM (Source: TeleTrader)
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UK consumer prices rise 3.2% in August

The yearly inflation in the United Kingdom came in at 3.2% in August, higher than predicted by the analysts, the Office for National Statistics unveiled on Wednesday. On a monthly basis, consumer prices went up by 0.7% to reach a level last seen in March 2012.

The Consumer Prices Index including owner occupiers' housing costs (CPIH) gained 3% on a yearly basis, with transport contributing the most to the increase. The CPIH figure was 0.9% higher compared to the month prior.

At the same time, the Producer Price Output Index jumped 5.9% annually, while the input indicator surged 11% in 12 months to August.

Breaking the News / BU