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The Independent UK
The Independent UK
National
Pan Pylas

UK inflation remains nearly double target ahead of expected interest rate hold

Inflation Bank of England United Kingdom Interest Rates Rachel Reeves United States
Britain Politics Cabinet Meeting - (TOBY MELVILLE)

Inflation in the U.K. held steady at 3.8% in the year to August, official figures showed Wednesday, a day before the Bank of England is widely expected to keep interest rates on hold.

The Office for National Statistics found food and drink prices rose for the fifth month in a row, but airfares fell sharply after a big spike in July.

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