Skip to Content

UK inflation dips slightly in August to 9.9%


Associated Press

LONDON (AP) — Inflation in the United Kingdom slowed slightly in August as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease. The Office for National Statistics said Wednesday that the consumer price index rose 9.9% in the 12 months through August. That’s down from the 40-year high of 10.1% reported last month and lower than economists’ expectations of 10%. Britain has been hard hit by worldwide price shocks triggered by the war in Ukraine, with U.K. consumer prices rising faster than other major economies over the past year. Lower gasoline costs also slowed U.S. inflation for a second straight month in August.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press


KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content