UK inflation holds firm at 2.2% as Bank of England decision beckons

Services inflation remains 'sticky' ahead of MPC meeting on interest rates

Linus Uhlig
clock • 2 min read
UK's CPI rose by 2.2% in the 12 months to August
Image:

UK's CPI rose by 2.2% in the 12 months to August

The annual rate of UK inflation held steady in August, as the Bank of England (BoE) weighs its options ahead of the next Monetary Policy Committee (MPC) meeting on Thursday (19 September).

According to figures published by the Office for National Statistics (ONS) today (18 September), the UK's Consumer Price Index (CPI) rose by 2.2% in the 12 months to August, a figure that did not b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Schemes urged to prepare for potential deflation risks

Schemes urged to prepare for potential deflation risks

LCP warns schemes to consider how deflation could impact them and how to combat it

Holly Roach
clock 18 September 2024 • 1 min read
PDP confirms GOV.UK One Login as identity service provider

PDP confirms GOV.UK One Login as identity service provider

PDP said use of the government service will ensure security and ease for dashboard users

Holly Roach
clock 18 September 2024 • 1 min read
TPO upholds complaint against employer for failing to pay contributions into plan

TPO upholds complaint against employer for failing to pay contributions into plan

Employer ordered to pay investment loss into plan and £1,000 for ‘serious distress’ caused

Holly Roach
clock 17 September 2024 • 1 min read
Trustpilot