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.
by RTT Staff Writer
For comments and feedback: email@example.com