Monthly inflation rate in the United Kingdom August 2023
The statistic shows the inflation rate in the United Kingdom from August 2022 to August 2023. The term inflation means the devaluation of money caused by a permanent increase of the price level of products (consumer goods, investment goods). The Consumer Price Index shows the price development for private consumption expenses and shows the level of inflation when increasing. In August 2023, the inflation rate in the United Kingdom was at 6.7 percent compared to the same month of the previous year.