UK inflation remains steady at 2.2%, exceeding the Bank of England's target The annual inflation rate in the UK held steady at 2.2% in August, the same rate recorded in July, and remains slightly above the Bank of England's target of 2%. Recent data from the Office for National Statistics (ONS) indicates that the preferred measure of the cost of living has not changed, as consumers are increasingly cutting back on spending for larger purchases.

Inflation remained stable in August, registering at 2.2%. This figure indicates that inflation continues to exceed the Bank of England's target rate of 2%.