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Annual inflation in the UK in August was 0.2%


September, 16 2020
watermark Economic news

According to the Office for National Statistics (ONS), inflation in Great Britain in August in annual terms slowed down to 0.2% from 1% in July. This is the lowest since December 2015.


On a monthly basis, deflation was recorded at 0.4%. Analysts predicted annual inflation of 0.1%, and on a monthly basis – deflation of 0.6%.


The CPIH index (inflation taking into account the costs of homeowners for the maintenance of housing) for the reporting month amounted to 0.5% in annual terms against 1.1% a month earlier. On a monthly basis, prices decreased by 0.3%, while in June their growth was 0.4%.


Core inflation (CPI Core), excluding food, alcohol, tobacco and energy, rose 0.9% on an annualized basis in August after rising 1.8% a month earlier. The experts forecast an increase of 0.6%.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.