UK Inflation rate holds steady in August at 2.2%

Inflation has held steady at 2.2% in the year to August, according to official figures.Prices for air fares rose but the increase was offset by lower fuel prices and prices rising at a slower rate in restaurants, the Office for National Statistics (ONS) said.The latest figure means inflation remains slightly above the Bank of England’s target of 2%.But it is significantly lower than at the peak of the cost of…