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Economy News
U.K. Inflation Jumps More Than Forecast to Match 4-Year High

U.K. inflation is on the rise again, accelerating more than forecast in August after the biggest surge in clothes prices in almost three decades.The jump to 2.9 percent from 2.6 percent in July puts the spotlight squarely back on one of the most prominent economic repercussions of the Brexit vote in 2016. The pound has fallen 11 percent against the dollar since the referendum, boosting import costs and feeding through to prices for everyday household items. The annual inflation rate has never been higher since 2012 and helped push Bloomberg’s Brexit barometer to the lowest since June.

News Source:- https://www.bloomberg.com/news/articles/2017-09-12/u-k-inflation-accelerates-more-than-forecast-to-reach-2-9