Corrects third paragraph to show core inflation slowed in August
U.K. annual inflation eased to 2.5 percent in August, in line with expectations, from 2.6 percent in July, data from the Office for National Statistics revealed Tuesday.
With the exception of the June 2012 inflation figure of 2.4 percent, this was the lowest rate of annual inflation since November 2009.
The annual core inflation rate, excluding energy, food, alcoholic beverages and tobacco, fell to 2.1 percent from 2.3 percent in July.
Month-on-month, the consumer price index climbed at a pace of 0.5 percent, following a 0.1 percent rise in July. The rise this year is within the normal range for a July to August movement, the ONS said.
Retail price inflation slowed more than expected in August, to 2.9 percent from 3.2 percent in July. The expected rate for August was 3.1 percent. Likewise, the retail price index, excluding mortgage interest payments, rose 2.9 percent, down from 3.2 percent in July.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.