Consumer price inflation, UK: August 2024 (and reactions)

Consumer price inflation, UK: August 2024

Darren Jones, Chief Secretary to the Treasury said:    

“Years of sky-high inflation have taken their toll; and prices are still much higher than four years ago. So, while more manageable inflation is welcome, we know that millions of families across Britain are struggling, which is why we are determined to fix the foundations of our economy so we can rebuild Britain and make every part of the country better off.”  

Jeremy Hunt MP, Shadow Chancellor, said:

“Labour inherited inflation at the Bank of England's target and today's figures show they must do the hard work to keep inflation down, as we did in Government.

“That includes rejecting potentially damaging new employment rights which will put up the cost of labour and ultimately raise prices as a result.”