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Sterling spikes as inflation beats expectations to hit six-month high of 2.7%

Tom Eckett

19 September 2018 • 2 min read

UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.

According to the Office for National Statistics (ONS), the Consumer Prices Index (CPI) rose to its highest level since February, driven by increasing prices for transport services, clothing and rec...

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