Global EconomyIMPORTANT
UK CPI (Aug YY) 3.1% vs. Exp. 3.1% (Prev. 2.9%); Services CPI 3.4% (prev. 3.4%)
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ONS: Sharp price rises for petrol and diesel pushed inflation up again in August. Higher airfares, particularly for long-haul journeys, also contributed to the increase. Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.
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