UK inflation above target
· Last checked
UK inflation above target: CPI 3.1% in August and an open letter triggered. The MPC held Bank Rate at 3.75% on a 6-3 vote, with 3 voting for a hike, so there's no sign yet of tolerating inflation. Next: CPI 21 Oct, Budget and DMO remit 28 Oct.
Source: ONS CPI, Aug 2026 (16 Sep) (opens in new tab) · Bank of England MPC minutes, Sep 2026 (opens in new tab)