UK inflation hits a six-month high
The UK inflation rate unexpectedly rose in August to 2.7%, the highest level in six months.
The rate of Consumer Price Index inflation rose from 2.5% in July, the Office for National Statistics said.
Sterling jumped on the news, rising 0.4% versus the dollar to 1.32.
Rising prices for recreational goods, transport and clothing drove the rise.
Mike Hardie, head of inflation at the ONS, said: "Consumers paid more for theatre shows, sea fares and new season autumn clothing last month.
"However, mobile phone charges, and ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...