Inflation at 4.6%

The RPI measure of inflation was 4.6% in August after hitting a high of 4.8% the month before.

The CPI measure was 3.8% in August, in line with the previous month. CPI inflation is expected to peak at 4% in September.

Food prices are up 5.1% in the past year. Restaurant, hotel and petrol prices also rose.

Food and fuel costs are both very important for households’ costs, so this is bad news for workers.