Stagnant inflation in the UK in August

The Consumer Price Index for the UK (CPIH), which includes owner-occupiers’ housing costs, rose by 3.1% in the 12 months to August 2024, the same as in July. On a month-on-month basis, the CPIH increased by 0.4% in August 2024, the same as in August 2023.
The traditional CPI rose by 2.2% year-on-year in the year to August 2024, also unchanged from July.
On a monthly basis, the CPI increased by 0.3% in August 2024, the same as in August 2023. The stagnation in both the CPIH and CPI annual rates was mainly driven by the increase in airfares, which rose this year compared to a year earlier.