By The Office of National Statistics
Prices Day
Consumer price inflation, UK: August 2024
Producer price inflation, UK: August 2024
Commenting on today’s inflation figures for August, ONS Chief Economist Grant Fitzner said:
“Inflation held steady in August as various price fluctuations offset each other.
“The main movements came from air fares, in particular to European destinations, which showed a large monthly rise, following a fall this time last year.
“This was offset by lower prices at the pump as well as falling costs at restaurants and hotels. Also, the prices of shop bought alcohol fell slightly this month, but rose at the same time last year.
“Following two months of growth, raw material prices fell, driven by lower crude oil prices, while the increase in the cost of goods leaving factories slowed again.”
ENDS
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