17 September 2025
The UK’s inflation rate has remained at 3.8% in August according to Office for National Statistics (ONS), The rising cost of food is noted to be a contributing factor on the figures.
Many feared that the April 25 increase to the National Minimum Wage (NMW) and employers National Insurance, would be passed on to consumers, brining higher costs of goods and services.
It is anticipated that the Bank of England are likely to vote to maintain interest rates on 18 September.
Keep an eye out for the next Consumer Price Index (CPI) update released on 22 October.
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