New inflation figure announced – and experts predict worse to come
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Inflation has remained relatively high, meaning goods are becoming more expensive, official figures show.
The rate of price rises remained at 3.8% in August, the same as in July, according to data from the Office for National Statistics (ONS).
Money blog: Here’s what inflation figure means for you
The figure is exactly as forecast by economists polled by the Reuters news agency.
But prices are expected to continue to rise, with the Bank of England forecasting the rate will hit 4% in September.
Such a high is double the central bank’s 2% target.
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