UK annual consumer price inflation rate steady at 3.8% in August

The UK consumer price inflation rate was steady in August, landing slightly cooler than expected, numbers on Wednesday showed.

The pace of annual consumer price inflation was 3.8% in August, unchanged from July. The latest reading fell short of the FXStreet-cited consensus, as an acceleration to 3.9% was forecast by consensus.

On a monthly basis, consumer prices rose 0.3% in August, as expected, after a 0.1% rise in July from June.

Annual service price inflation eased to 4.7% in August, from 5.0% in July.

The reading comes a day before the next Bank of England decision, where the central bank is expected to leave rates unchanged at 4.00%.