UK inflation rockets to 3.2% in biggest leap on record

City workers, and commuters, many of whom are wearing face masks heading towards the entrance to Liverpool Street Station on Bishopsgate on 26th May 2021 in London, United Kingdom.
Mike Kemp | In Pictures | Getty Images

British inflation surged last month to its highest level since March 2012, official data showed on Wednesday.

Consumer prices rose by 3.2% in annual terms after a 2.0% rise in July, marking the sharpest increase in the annual rate since detailed records started in 1997.

A Reuters poll of economists had pointed to a reading of 2.9% for August.