
The United Kingdom’s Consumer Price Index (CPI) rose 6.7% in August compared to the same month a year ago, the Office for National Statistics reported on Wednesday. The figure marks a slight decrease from July, when annual inflation in the UK stood at 6.8%, and is lower than analysts had anticipated. The largest downward contribution to the annual inflation rate came from food and accommodation services. On the other hand, rising prices for motor fuel made an upward contribution, partially offsetting the decline. On a monthly basis, consumer prices were up 0.3% in August, while the Consumer Prices Index including owner occupiers’ housing costs (CPIH) climbed 6.3% year on year and was up 0.4% month on month. NN: Where did this inflation DOWN BULLSHIT COME FROM….Another spin job. Inflation is out of control.