UK Households Face Squeeze After Surprise Inflation Jump To 2.7% theguardian.com

UK inflation unexpectedly rose to the highest level in six months in August, pushed up by the rising cost of theatre tickets and high street shops launching their new-season autumn clothing ranges.

The Office for National Statistics said the consumer price index (CPI) jumped to 2.7% last month from 2.5% in July, confounding economists' forecasts for the rate to fall to 2.4%.