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The Independent UK

Business

Henry Saker-Clark

Inflation has jumped to 3.1%. Here’s why and what will happen next

Inflation Pantheon Macroeconomics the Middle East United States

Inflation increased to a five-month high last month on the back of rising fuel prices and air fares.

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 3.1 per cent in August - up from 2.9 per cent in July.

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