UK inflation expected to have risen in August as cost of living squeeze tightens – business live

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Experts at Pantheon Macroeconomics have suggested that so-called “AI-flation” could also be a factor pushing up UK prices.

Rob Wood, their UK economist, said Pantheon believe higher electronics prices, linked to chip shortages amid the AI boom, could add 0.2 percentage points to inflation.

7am BST: UK inflation report for August

9.30am BST: UK housing prices and rents report

1.30pm BST: US retail sales report

7pm BST:Fed decision 7pm

Fed presser 7.30pm