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16/09/2014
ONS Figures Show Further Fall In UK Inflation Rate
New figures from the Office for National Statistics (ONS) have revealed that the annual rate of inflation, measured as the Consumer Price Index (CPI), fell in August to 1.5%.
The news means that the Bank of England will not be under pressure to increase interest rates, as the CPI remains below its target of 2%.
The figures also show that Retail Price Index (RPI) fell to 2.4% in August, down from 2.5% in July.
The full statistics can be read on the ONS website.
(MH/CD)
The news means that the Bank of England will not be under pressure to increase interest rates, as the CPI remains below its target of 2%.
The figures also show that Retail Price Index (RPI) fell to 2.4% in August, down from 2.5% in July.
The full statistics can be read on the ONS website.
(MH/CD)
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