The latest figures from the Office of National Statistics have revealed an unexpected rise in inflation, which exceded the Government’s target level of 2.5% for the first time in over two years. The underlying rate of inflation was 2.6% during August, up 4 percentage points on the previous month. Falling car and petrol prices are thought to be responsible in part.
The headline rate of inflation rose 0.5% compared to July, reaching 2.1%.
The Retail Price Index for August was 174.
Subscribers can access RPI trends by selecting “Ten Year Trends” from the drop-down box at the top of this page.
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