UK inflation dips below 10%
Lower fuel costs bring down headline figure, but underlying inflation remains strong
UK consumer price index (CPI) inflation has dipped below 10%, figures released today (September 14) show, offering some small relief to consumers.
The Office for National Statistics said a fall in the price of motor fuels was the main driver of the decline in the headline figure, which fell to 9.9% in August from 10.1% in July. Smaller rises in food prices and “miscellaneous goods and services” resulted in some offsetting upward pressure.
The Bank of England’s latest forecast, published in
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