UK inflation expected to remain steady at 10.1%

UK inflation is set to remain at double-digit highs on Wednesday, remaining steady at 10.1% in the 12 months to August, according to Deutsche Bank (DB).

by | 13 Sep, 2022

However, this will still put further pressure on households and businesses already struggling with the sharpest cost of living crisis in a century.

Consumer price index (CPI) inflation hit 10.1% in July, while core inflation, which strips out volatile food and energy costs, shot up to 6.2% year-on-year. Headline retail price index (RPI) pushed to 12.3%. All three closely watched prints came in above consensus and market expectations.

Read more at Yahoo Finance

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