UK inflation stays at 2.2% as lower petrol prices offset by higher air fares
by Phillip Inman from on (#6QTCN)
Annual rate in August unchanged, and hovering above Bank of England's 2% target
The UK's annual inflation rate remained at 2.2% in August, matching the rate in July, as lower petrol prices at the pump were offset by higher air fares.
Figures from the Office for National Statistics (ONS) show the government's preferred measure of the cost of living remained steady, matching forecasts by City economists and hovering just above the Bank of England's 2% target.
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