European Investor
16 Sep 2026, 09:20
UK Inflation Rises to 3.1% in August, Matching Expectations
UK consumer inflation accelerated in August, with the annual CPI rate rising to 3.1% from 2.9% in July, in line with market expectations.
On a monthly basis, consumer prices increased 0.5%, also matching forecasts and accelerating from the previous month’s 0.3% rise.
The pickup indicates that inflationary pressures strengthened during August despite the figures coming in as expected. The data could reinforce a cautious approach from the Bank of England, as inflation remains above its 2% target and limits the scope for near-term monetary easing.
UK consumer inflation accelerated in August, with the annual CPI rate rising to 3.1% from 2.9% in July, in line with market expectations.
On a monthly basis, consumer prices increased 0.5%, also matching forecasts and accelerating from the previous month’s 0.3% rise.
The pickup indicates that inflationary pressures strengthened during August despite the figures coming in as expected. The data could reinforce a cautious approach from the Bank of England, as inflation remains above its 2% target and limits the scope for near-term monetary easing.
