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UK's CPI increases 6.7% in August 2023

20 Sep '23
3 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • The UK's Consumer Prices Index (CPI) increased by 6.7 per cent year-on-year to August 2023, the lowest rate since February 2022, according to the Office for National Statistics.
  • Core CPI grew by 6.2 per cent, while the CPI including housing costs rose by 6.3 per cent.
  • The CPI for clothing and footwear sector saw a notable annual growth of 7 per cent.

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