TELETRADER News
9/14/2022, 8:00 AM
(Source: TeleTrader)
UK inflation down to 9.9% in August
The United Kingdom's Consumer Price Index (CPI) rose 9.9% in August compared to the same month a year ago, the Office for National Statistics reported on Wednesday. The figure marks a slight decrease from July when annual inflation in the UK stood at a record 10.1%.
The largest downward contributions to the annual inflation rate came from a decline in the prices of motor fuels.
On a monthly basis, consumer prices were up 0.5% in August, while the Consumer Prices Index including owner occupiers’ housing costs (CPIH) climbed 8.6% year on year and was up 0.5% month on month.