UK inflation remains above target ahead of BoE decision

LONDON: Britain’s consumer prices accelerated well beyond the Bank of England’s (BoE) target for a second month, propelled by the global disruption in supply chains that pushed up transport costs.

Consumer prices rose 3.1% in September after a 3.2% gain the month before, the Office for National Statistics said yesterday. The BoE expects prices to climb above 4% by the end of the year, more than double the mandate.