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| UK inflation up to 2.5% in August | UK inflation up to 2.5% in August |
| (10 minutes later) | |
| UK inflation accelerated to 2.5% in August, the fourth month in a row it has topped the government's 2% target. | UK inflation accelerated to 2.5% in August, the fourth month in a row it has topped the government's 2% target. |
| August's 2.5% Consumer Prices Index (CPI) figure from the Office for National Statistics was a slight increase on July's 2.4% level. | August's 2.5% Consumer Prices Index (CPI) figure from the Office for National Statistics was a slight increase on July's 2.4% level. |
| Meanwhile, the headline RPI rate - which includes mortgage interest payments - rose to 3.4% from 3.3%. | Meanwhile, the headline RPI rate - which includes mortgage interest payments - rose to 3.4% from 3.3%. |
| The latest figures will renew pressure on the Bank of England to raise interest rates, analysts said. | The latest figures will renew pressure on the Bank of England to raise interest rates, analysts said. |
| Computer games | Computer games |
| The Bank of England last increased interest rates by a quarter of a percentage point to 4.75% in August. | The Bank of England last increased interest rates by a quarter of a percentage point to 4.75% in August. |
| With the Bank's Monetary Policy Committee voting 6-1 to keep rates on hold in August, some analysts now expect a further rise in November. | |
| Last month, the Bank's governor, Mervyn King, warned there was a 50-50 chance that inflation would rise above 3% in the next six months, and a good chance it would rise above 3% over the next two years. | Last month, the Bank's governor, Mervyn King, warned there was a 50-50 chance that inflation would rise above 3% in the next six months, and a good chance it would rise above 3% over the next two years. |
| The Office for National Statistics said an increase in the price of computer games and toys in August had outweighed a decline in petrol prices and air fares. | The Office for National Statistics said an increase in the price of computer games and toys in August had outweighed a decline in petrol prices and air fares. |
| August's 2.5% CPI figure is the same as in June, and is the joint highest since Labour entered government in 1997. | August's 2.5% CPI figure is the same as in June, and is the joint highest since Labour entered government in 1997. |