U.K. Inflation Unexpectedly Exceeds 3% on Air Fares

U.K. inflation unexpectedly exceeded the government’s 3 percent limit for a sixth month in August as higher costs of items from air fares to food stoked price pressures in the economy.

Consumer prices rose 3.1 percent from a year earlier, the same pace as in July, the Office for National Statistics said today in London. The median forecast of 30 economists in a Bloomberg News survey was for a reading of 3 percent. On the month, prices increased by 0.5 percent.