UK inflation was reported at 2.2% for August 2024, according to the Office for National Statistics (ONS) data released on Wednesday 18th August 2024
The consumer price index (CPI) figure aligned with the forecasts of analysts and remained consistent with July’s inflation rate of 2.2%.
Previously, the headline CPI had stabilised at 2% in both May and June 2024, which met the Bank of England’s target rate.
