Economy
Inflation holds steady at 2.2% in August
Although food and energy prices continued to fall over the month, this was in part offset by transport, where prices rose by 1.2% in the month
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of England’s target of 2%.Although food and energy prices continued to fall over the month, this was in part offset by transport, where prices rose by 1.2% in the month. This was particularly affected by high air fares, which rose by 22.2% between July and August 2024.
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