Consumer price inflation came in at 2.2 per cent for August, unchanged on the previous month and in-line with economist forecasts, fresh data from the Office for National Statistics shows.
The Bank of England, which had predicted CPI would rise to 2.4 per cent last month before hitting almost 2.8 per cent by year-end, will make its latest decision on the direction of interest rates on Thursday.
The FTSE 100 is down 0.6 per cent in midday trading. Among the companies with reports and trading updates today are Legal & General, M&C Saatchi, MJ Gleeson and PZ Cussons. Read the Wednesday 18 September Business Live blog below.
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