UK inflation rate declines more than forecast

UK inflation cooled more than economists forecast in July, giving the Bank of England room to keep its key interest rate at a record-low.

19th August, 2014
The statistics office also said annual UK house-price growth slowed to 10.2% in June

UK inflation cooled more than economists forecast in July, giving the Bank of England room to keep its key interest rate at a record-low.

The rate of price growth fell to 1.6 per cent from 1.9 per cent in June, the Office for National Statistics said today in London. Economists had forecast 1.8 per cent, based on the median of 32 estimates in a Bloomberg survey. Separate data showed pipeline inflation pressure eased, with factory-gate...

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