Inflation unchanged at 0.6%

UK consumer price inflation: Aug 2016 – ONS

  • The Consumer Prices Index (CPI) rose by 0.6% in the year to August 2016, unchanged from July.
  • The rate is still relatively low in the historic context although it is above the rates experienced in 2015 and early 2016.
  • The main upward contributors to change in the rate were rising food prices and air fares, and a smaller fall in the price of motor fuels than a year ago.
  • These upward pressures were offset by falls in hotel accommodation prices, in addition to smaller rises in the prices of alcohol, and clothing and footwear than a year ago.

The TUC said: “Ongoing low inflation signals need for urgent action to protect and boost growth

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