- CPI inflation increases to 2.7% in August, up from 2.5% in July, confounding economists forecasts.
- Inflation has now unexpectedly risen for two consecutive months.
- Goods increasing in price in the months including theatre tickers, clothing, and sea fares, the Office for National Statistics said.
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The Brexit price squeeze is back as UK inflation unexpectedly jumps for a 2nd month
The Office for National Statistics (ONS) said on Wednesday that consumer price inflation (CPI), the most watched measure of UK inflation, increased to 2.7% in August, up from 2.5% in the previous month.
Inflation in the UK unexpectedly jumped for a second consecutive month in August, surprising forecasters who had expected the rate of price increases to fall.
The Office for National Statistics (ONS) said on Wednesday that consumer price inflation (CPI), the most watched measure of UK inflation, increased to 2.7% in August, up from 2.5% in the previous month. CPI had been expected by economists polled prior to the release to drop to 2.4% during the month.
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