UK inflation rises to 3.1%, piling more pressure on households

Annual increase in August comes as Bank of England prepares for decision on interest rates Business live – latest updates UK inflation has returned above 3% as soaring energy prices fuelled by the Iran war heap renewed pressure on British households. Figures from the Office for National Statistics show inflation as measured by the consumer prices index rose from 2.9% in July to 3.1% in August. Cit