UK braced for 4% inflation this year

Due to higher energy prices and pandemic bottlenecks

The Bank of England is braced for 4% inflation.

Britain's inflation rate hit its highest in almost a decade last month after a record jump that was largely fuelled by a rebound in restaurant prices which were artificially pushed down a year ago by government subsidies.

Consumer prices in August rose by 3.2% year-on-year, the highest annual inflation rate in the country since March 2012 and up from 2% in July, the UK’s office for national statistics (ONS) said.