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Inflation nears 3% in August but economists point to 'deflationary forces'

Up from 2.6%

12 September 2017 • 3 min read

UK inflation beat forecasts to rise to 2.9% in August, after stalling at 2.6% in July, with record uplifts in clothing costs contributing to the increase, according to the Office for National Statistics.

The UK's Consumer Prices Index (CPI) rose to 2.9%, well above the Bank of England's target of 2%, reaching levels last seen in April 2012. The gain came after the biggest rise in clothes and fo...

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