Highest inflation since 1997 "spells trouble" for UK economy

Figures released today have shown that inflation in the UK has seen the biggest jump since records began in 1997.

The Office for National Statistics (ONS) has announced that the cost of living has increased by 3.2 per cent in the year to the end of August.

The figures were up by 0.9 per cent on the year to the end of July, reflecting the biggest one-month increase that the ONS has ever recorded.

Contributing to the spike in living costs were higher prices for petrol, used cars and food, which were all up by 2 per cent from July’s figures.

However, the ONS expects that inflation will drop again next month, as August’s figures were affected by last year’s Eat Out To Help Out program, which discounted restaurant meals by 50 per cent.

Sarah Coles, personal finance analyst at Hargreaves Lansdown, commented: “Inflation has taken a breathtaking leap, surging at its fastest rate in over 20 years.

“It was given a significant shove by the Eat Out to Help Out scheme discounts a year earlier, which will drop out of the figures next month.

“However, much of this enormous jump is powered by the same alarming imbalance between supply and demand that has seen yawning gaps open up on the supermarket shelves. It spells trouble for shoppers, savers and the broader economy.”

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1	`__env`
2	`app`
3	`errors`
4	`article`
5	`body`
6	`canonicalUrl`
7	`sponsored`
8	`sponsored2024`
9	`content`
10	`headline`
11	`mainImage`
12	`profile`
13	`title`
14	`__currentLoopData`
15	`tag`
16	`loop`
17	`picture`
18	`caption`
19	`sectors`
20	`regions`

layouts._tracking (resources/views/layouts/_tracking.blade.php)19blade


obLevel
__env
app
errors
article
body
canonicalUrl
sponsored
sponsored2024
content
headline
mainImage
profile
title
__currentLoopData
tag
loop
picture
caption

Params
0	`obLevel`
1	`__env`
2	`app`
3	`errors`
4	`article`
5	`body`
6	`canonicalUrl`
7	`sponsored`
8	`sponsored2024`
9	`content`
10	`headline`
11	`mainImage`
12	`profile`
13	`title`
14	`__currentLoopData`
15	`tag`
16	`loop`
17	`picture`
18	`caption`

uri: GET articles/{year}/{month}/{date}/{slug}
middleware: web
as: articles.article
controller: App\Http\Controllers\ArticleController@getArticle
namespace: App\Http\Controllers
prefix: /articles
where
file: app/Http/Controllers/ArticleController.php:58-111

25 statements were executed, 6 of which were duplicated, 19 unique91.65ms

select * from "articles" where "published_at"::date = '2021-09-15' and "slug" = 'highest-inflation-since-1997-spells-trouble-for-uk-economy' and "type" != 'blog' and "articles"."deleted_at" is null limit 1

35.79ms/app/Database/Articles.php:27production

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Bindings	0. 2021-09-15 1. highest-inflation-since-1997-spells-trouble-for-uk-economy 2. blog
Backtrace	16. /app/Database/Articles.php:27 17. /app/Infrastructure/Cache/Articles.php:30 18. /app/Http/Controllers/ArticleController.php:61 21. /vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:45 22. /vendor/laravel/framework/src/Illuminate/Routing/Route.php:219

select "tags".*, "taggables"."taggable_id" as "pivot_taggable_id", "taggables"."tag_id" as "pivot_tag_id", "taggables"."taggable_type" as "pivot_taggable_type" from "tags" inner join "taggables" on "tags"."id" = "taggables"."tag_id" where "taggables"."taggable_id" in ('8afc4eba-e06f-4235-99e3-0b620b66b1e8') and "taggables"."taggable_type" = 'article' and "tags"."deleted_at" is null

9.73ms/app/Http/Controllers/ArticleController.php:80production

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Backtrace	18. /app/Http/Controllers/ArticleController.php:80 21. /vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:45 22. /vendor/laravel/framework/src/Illuminate/Routing/Route.php:219 23. /vendor/laravel/framework/src/Illuminate/Routing/Route.php:176 24. /vendor/laravel/framework/src/Illuminate/Routing/Router.php:680

select * from "profiles" where "profiles"."id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' limit 11.91ms/app/Views/Analytics/PublishedItem.php:36production

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select * from "editors" where "editors"."profile_id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' limit 11.09ms/vendor/laravel/framework/src/Illuminate/Support/Traits/ForwardsCalls.php:23production

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select "images".*, "imageables"."imageable_id" as "pivot_imageable_id", "imageables"."image_id" as "pivot_image_id", "imageables"."imageable_type" as "pivot_imageable_type", "imageables"."caption" as "pivot_caption" from "images" inner join "imageables" on "images"."id" = "imageables"."image_id" where "imageables"."imageable_id" = '8afc4eba-e06f-4235-99e3-0b620b66b1e8' and "imageables"."imageable_type" = 'article' and "images"."deleted_at" is null

9.56ms/app/Http/Controllers/ArticleController.php:107production

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select "images".*, "imageables"."imageable_id" as "pivot_imageable_id", "imageables"."image_id" as "pivot_image_id", "imageables"."imageable_type" as "pivot_imageable_type" from "images" inner join "imageables" on "images"."id" = "imageables"."image_id" where "imageables"."imageable_id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' and "imageables"."imageable_type" = 'profile' and "images"."deleted_at" is null

1.28msview::frontend._artivent:58production

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select * from "premium_memberships" where "premium_memberships"."profile_id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' and "premium_memberships"."profile_id" is not null limit 1

3.37ms/app/Domain/Profiles/Profile.php:116production

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select * from "editors" where "editors"."profile_id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' limit 1580μs/vendor/laravel/framework/src/Illuminate/Support/Traits/ForwardsCalls.php:23production

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select * from "profile_pages" where "profile_pages"."profile_id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' and "profile_pages"."profile_id" is not null limit 1

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select * from "editors" where "editors"."profile_id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' limit 11.81ms/vendor/laravel/framework/src/Illuminate/Support/Traits/ForwardsCalls.php:23production

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select * from "editors" where "editors"."profile_id" = 'd2a1b3c6-d87d-49f3-afc3-c65b49d18d1a' limit 1490μs/vendor/laravel/framework/src/Illuminate/Support/Traits/ForwardsCalls.php:23production

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select * from "partners" where "partners"."deleted_at" is null order by "created_at" asc2.21ms/app/Domain/Partners/PartnerRepository.php:58production

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select "images".*, "imageables"."imageable_id" as "pivot_imageable_id", "imageables"."image_id" as "pivot_image_id", "imageables"."imageable_type" as "pivot_imageable_type", "imageables"."caption" as "pivot_caption" from "images" inner join "imageables" on "images"."id" = "imageables"."image_id" where "imageables"."imageable_id" = 'b03116a0-abce-47bf-b25d-251b2a3a94bf' and "imageables"."imageable_type" = 'article' and "images"."deleted_at" is null limit 1

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select "images".*, "imageables"."imageable_id" as "pivot_imageable_id", "imageables"."image_id" as "pivot_image_id", "imageables"."imageable_type" as "pivot_imageable_type", "imageables"."caption" as "pivot_caption" from "images" inner join "imageables" on "images"."id" = "imageables"."image_id" where "imageables"."imageable_id" = '1b2e71ec-cab4-4833-bf36-39846c13bd0e' and "imageables"."imageable_type" = 'article' and "images"."deleted_at" is null limit 1

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select "images".*, "imageables"."imageable_id" as "pivot_imageable_id", "imageables"."image_id" as "pivot_image_id", "imageables"."imageable_type" as "pivot_imageable_type", "imageables"."caption" as "pivot_caption" from "images" inner join "imageables" on "images"."id" = "imageables"."image_id" where "imageables"."imageable_id" = '08571622-e1f2-4f34-a28c-754812d2e981' and "imageables"."imageable_type" = 'article' and "images"."deleted_at" is null limit 1

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select "images".*, "imageables"."imageable_id" as "pivot_imageable_id", "imageables"."image_id" as "pivot_image_id", "imageables"."imageable_type" as "pivot_imageable_type", "imageables"."caption" as "pivot_caption" from "images" inner join "imageables" on "images"."id" = "imageables"."image_id" where "imageables"."imageable_id" = 'e8088dc2-1a18-452c-98ce-f8fa866b8cae' and "imageables"."imageable_type" = 'article' and "images"."deleted_at" is null limit 1

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Highest inflation since 1997 "spells trouble" for UK economy

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