THE GUARDIAN: Leap to 3.2% from July’s 2% is largest increase in annual rate from one month to next since records began
UK inflation made its biggest jump on record in August amid a rise in food and drink prices, reversing a sharp decline a year earlier during the government’s eat out to help out restaurant discount scheme.
The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2% in August, up from 2% in July and the highest rate since March 2012, as the cost of a meal snapped back from a period of steep discounting a year ago.
The increase in prices surpassed City economists’ forecasts for a rate of 2.9%, and the 1.2 percentage point increase between July and August’s figures was the largest since detailed records began in January 1997. » | Richard Partington, Economics correspondent | Wednesday, September 15, 2021
