State pension to rise by £460 for millions next year as UK inflation rate stays at 2.2%

THE UK's rate of inflation remained at 2.2% in August after rising to the same figure the month before.

The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measure stayed at 2.2% in the 12 months to August.

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It comes after inflation rose by 2.2% in the 12 months to July.

Grant Fitzner, chief economist at the ONS, said inflation held steady in the 12 months to August due to various goods going up and down in price.

He said air fares showed a large monthly rise, in particular due to travel to European countries.

Meanwhile, fuel prices fell as well as prices at restaurants and hotels which offset the rise in air fares.

He added: "Also, the prices of shop-bought alcohol fell slightly this month, but rose at the same time last year.

“Following two months of growth, raw material prices fell, driven by lower crude oil prices, while the increase in the cost of goods leaving factories slowed again."