U.K. inflation accelerates to 3.1% ahead of BOE decision
U.K. consumer prices rose 3.1% year-over-year in August, up from 2.9% in July, keeping inflation above the Bank of England’s target ahead of Thursday’s rate decision.
K. inflation accelerated again in August, leaving price pressures well above the Bank of England's target ahead of Thursday's rate decision. 9% increase in July, the Office for National Statistics said Wednesday.