Inflation picture becomes 'increasingly ugly'

Bank of England cut unlikely

Linus Uhlig
clock • 2 min read
Inflation picture becomes 'increasingly ugly'

The UK Consumer Prices Index (CPI) rose by 3.8% in the 12 months to August 2025, unchanged from July, denting any hopes for another rate cut from the Bank of England (BoE) on Thursday (18 September).

On a monthly basis, CPI jumped by 0.3% in August this year, the same rate as in August 2024, according to data from the Office for National Statistics.  Price increases in restaurants, hotels an...

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