Stocks keep sinking. What can break them out of their funk?

UK inflation rose at the fastest rate in at least 24 years in August as the price of transportation, restaurant meals and used cars spiked dramatically.

The annual rate of inflation rose by 3.2% in August, up from 2% in the 12 months to July, Britain’s Office for National Statistics (ONS) said Wednesday.

The increase is the largest recorded since ONS record keeping began in January 1997.

Some of the uplift reflected coronavirus relief programs that were in place last summer, such as sales tax reductions in the hospitality sector and the government’s Eat Out to Help Out scheme, which heavily discounted restaurant meals.

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