Odds of UK interest rate cut this week fall after inflation sticks at 2.2%; Post Office CEO stepping down – business live

UK inflation rate remained unchanged last month, as air fares rose and petrol prices dropped, but underlying inflation has risen

Despite fears of a Taylor Swift effect, hotel and restaurant prices actually fell last month.

Today’s inflation report shows that prices at restaurants and hotels fell by 0.7% in August, compared with July.

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