9/16, 8:02 AM (Source: TeleTrader)
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UK inflation down to 0.2% YoY in August

The Consumer Price Index in the United Kingdom declined by 0.2% in August compared to the same period last year to beat estimates, the Office for National Statistics revealed on Wednesday.

Including owner occupiers' housing costs (CPIH) 12-month inflation rate was 0.5%, down from 1.1% reported the previous month.

The largest contribution came from recreation and culture, which again saw a rise of 0.35% compared to July's 0.33%.

Breaking the News / JR