UK inflation rate posts biggest increase since records began

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UK inflation rate posts biggest increase since records began
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UK inflation surges 3.2%, highest since records began

The index jumped 2.0% in July on an annual basis.

A Reuters poll had predicted a reading of 2.9% for August. The index jumped 2.0% in July on an annual basis. "In August 2020 many prices in restaurants and cafes were discounted because of the government's Eat Out to Help Out scheme, which offered customers half-price food and drink to eat or drink in between Mondays and Wednesdays," the ONS said in its statement.

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