U.K. Inflation Accelerates to 4.5% as Clothes Prices Jump
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U.K. inflation accelerated in August as the end of seasonal discounts boosted prices for items such as clothes and furniture.
Consumer prices rose 4.5 percent from a year earlier, the fastest in three months, compared with 4.4 percent in July, the Office for National Statistics said today in London. That matched the median estimate of 34 economists in a Bloomberg News survey. A separate report showed exports and imports rose to record levels in July.