Inflation rate falls back to 2.5%

Written By Unknown on 18 September 2012 | 15.58

The annual rate of inflation in the UK, as measured by the Consumer Prices Index, fell back to 2.5% in August after a surprise rise to 2.6% in July.

The Retail Prices Index (RPI) inflation measure, which includes housing costs, fell to 2.9% in August, the Office for National Statistics (ONS) said.

The fall was partly due to smaller rises in furniture and gas prices.

Apart from July's rise, CPI inflation has been falling steadily since peaking at 5.2% in September last year.

The latest figures show that prices were 2.5% higher in August than they were in the same month last year.

18 Sep, 2012


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Source: http://www.bbc.co.uk/news/business-19633582#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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