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UK inflation rate stays steady at 0.6% UK inflation rate stays steady at 0.6%
(35 minutes later)
The average cost of everyday household goods and services went up by 0.6% in the year to August.The average cost of everyday household goods and services went up by 0.6% in the year to August.
The UK inflation rate, as measured by the Consumer Prices Index (CPI), was unchanged from July.The UK inflation rate, as measured by the Consumer Prices Index (CPI), was unchanged from July.
Rising food prices and air fares pushed prices higher, the Office for National Statistics said, partly offset by cheaper prices for hotel rooms.Rising food prices and air fares pushed prices higher, the Office for National Statistics said, partly offset by cheaper prices for hotel rooms.
Economists had forecast inflation would rise to 0.7%, predicting the cheaper pound would push prices higher.
ONS statistician Mike Prestwood said raw material costs had risen for the second month running, "partly due to the falling value of the pound".
But he added there was "little sign of this feeding through to consumer prices yet".
The Retail Prices Index (RPI) measure of inflation dropped to 1.8% in August from 1.9% in July.The Retail Prices Index (RPI) measure of inflation dropped to 1.8% in August from 1.9% in July.
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