PRESS ROOM
UK inflation at its highest in 9 years
Thursday 16th September '21
Year on year consumer price index (CPI) inflation for the UK has spiked to 3.2% in August, up from 2% in July. Recreation, transport, and hospitality sectors were among the biggest contributors to the increase as the country has eased restrictions on domestic mobility as well as international travel. The Bank of England has already expressed its desire to reduce the size of its balance sheet, but the actions of the Federal Reserve are likely to provide a blueprint given the US is meaningfully ahead on the inflation curve.