Home Business UK inflation rockets to 3.2% in biggest leap on record

UK inflation rockets to 3.2% in biggest leap on record

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LONDON — British inflation surged last month to its highest level since March 2012, official data showed on Wednesday.

Consumer prices rose by 3.2% in annual terms after a 2.0% rise in July, marking the sharpest increase in the annual rate since detailed records started in 1997.

A Reuters poll of economists had pointed to a reading of 2.9% for August. (Reporting by Andy Bruce; Editing by Kate Holton)