UK inflation surges to 3.25% with record jump

The inflation rate’s biggest increase since records began in 1997

Kathleen Gallagher
clock • 2 min read
AJ Bell head of personal finance Laura Suter
Image:

AJ Bell head of personal finance Laura Suter

The UK inflation rate rose to 3.2% in August from 2.1% in July, the biggest increase since records began in 1997.

The rate was driven primarily by restaurants and hotels, recreation and culture and food and non-alcoholic beverages, according to the Office for National Statistics (ONS). However, the ONS also...

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

TPR updates DB covenant guidance

TPR updates DB covenant guidance

Guidance for DB trustees is aligned with regulator’s funding code

Holly Roach
clock 04 December 2024 • 7 min read
UK Pensions Awards 2025: Two days left to register!

UK Pensions Awards 2025: Two days left to register!

Next year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 04 December 2024 • 5 min read
L&G annuity sales hit all-time high of £2bn in 2024

L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock 03 December 2024 • 1 min read
Trustpilot