Inflation: Price rises see record jump as food costs soar in August

by BBC News

BBC News— The UK inflation rate hit 3.2% in the year to August, according to the latest official figures.

The Independent—Inflation rises to 3.2% as food costs soar. Inflation rise largest since records began—UK inflation surges to nine-year high of 3.2% in August as food and fuel prices jump. Inflation shot well above the Bank of England's target of 2% in August as the economy reopened.

ZeroHedge—World Food Prices Jump In August To Near Decade High. World Food Prices Jump In August To Near Decade High Central banks and mainstream media continue to peddle the notion that soaring food inflation is temporary and the average Joe and Jane should not worry about it. But in a new report via the Rome-based Food and Agriculture Organization (FAO), global food prices are on the rise, once again, and back to near-decade highs.  FAO released a statement Thursday that detailed after two consecutive months of declines, world food prices in...