Advertisement
Economy

Hotels and restaurants help keep inflation steady at 2.2% in August

Although food and energy prices continued to fall over the month, this was in part offset by transport, where prices rose by 1.2% in the month

The rate of inflation remained steady at 2.2% in August, unchanged since July, yet still above the Bank of England’s target of 2%.The fall was helped by downward contributions from hotels and restaurants, with costs in the segment falling to 4.4% in the month, down from 4.9% in the year to July, marking the lowest rate since July 2021.

Check out our free weekly podcast

Back to top button