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UK inflation rises to 4.5 per cent

The UK consumer prices index has risen to 4.5 per cent in August, according to the Office for National Statistics.

The consumer prices index is up 0.1 per cent from 4.4 per cent in July, while the retail prices has also risen from 5 to 5.2 per cent in August.

The ONS says the increase follows higher prices for clothing and footwear, petrol and energy.

Last month, the Bank of England said that it remained confident that inflation would return to its target level of 2 per cent in the next two years.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Last month, the Bank of England said that it remained confident that inflation would return to its target level of 2 per cent in the next two years

    Glad they are – I’m not!

  2. the BoE have their own pension scheme which they moved into index linked investments about three years ago. So don’t beleive a thing they say, watch what they do. If they said what they really know then it would trigger even more inflation.

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