Inflation rises to 3.2% in August 2021 – Which? News
Inflation rose to 3.2% in August 2021, according to the latest figures from the Office for National Statistics (ONS), partly due to a rise in the cost of dining out, petrol, and used car prices.
The Consumer Prices Index (CPI) measure of inflation is up from 2% in July 2021. CPI inflation tracks the costs of a ‘shopping basket’ containing around 700 popular goods and services.
The increase, of 1.2 percentage points, is the largest ever recorded monthly increase since the ONS began recording the data in January 1997.
Here, Which? reveals why the inflation rate has changed, and how it compares with the top-rate savings accounts and cash Isas currently on the market.
Why has inflation risen?
The ONS says the large increase is ‘likely to be a temporary …
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