Investing.com – Consumer price inflation in the U.K. was unchanged in August, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation was a seasonally adjusted 3.1% in August, unchanged from July.
Analysts had expected CPI to fall to 2.9% in August.
The report said that increases in air fares, which rose by 16.1% this year, and increased clothing costs and footwear costs contributed to the rise in CPI.
Core CPI, which excludes food, energy, alcohol, and tobacco costs rose to a seasonally adjusted 2.8% in August, after rising 2.6% in July.
Analysts had expected core CPI remain unchanged in August.
Following the release of the data the pound was down against the U.S. dollar, with GBP/USD shedding 0.05% to hit 1.5423.
In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation was a seasonally adjusted 3.1% in August, unchanged from July.
Analysts had expected CPI to fall to 2.9% in August.
The report said that increases in air fares, which rose by 16.1% this year, and increased clothing costs and footwear costs contributed to the rise in CPI.
Core CPI, which excludes food, energy, alcohol, and tobacco costs rose to a seasonally adjusted 2.8% in August, after rising 2.6% in July.
Analysts had expected core CPI remain unchanged in August.
Following the release of the data the pound was down against the U.S. dollar, with GBP/USD shedding 0.05% to hit 1.5423.