New inflation figure announced - and experts predict worse to come

Inflation has remained comparatively high, meaning goods are becoming much expensive, authoritative figures show.

The complaint of terms rises remained astatine 3.8% successful August, the same arsenic successful July, according to information from the Office for National Statistics (ONS).

Money blog: Here's what ostentation fig means for you

The fig is precisely arsenic forecast by economists polled by the Reuters quality agency.

But prices are expected to proceed to rise, with the Bank of England forecasting the complaint volition deed 4% successful September.

Such a precocious is treble the cardinal bank's 2% target.

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