9/14/2022, 8:00 AM (Source: TeleTrader)
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UK inflation down to 9.9% in August

The United Kingdom's Consumer Price Index (CPI) rose 9.9% in August compared to the same month a year ago, the Office for National Statistics reported on Wednesday. The figure marks a slight decrease from July when annual inflation in the UK stood at a record 10.1%.

The largest downward contributions to the annual inflation rate came from a decline in the prices of motor fuels.

On a monthly basis, consumer prices were up 0.5% in August, while the Consumer Prices Index including owner occupiers’ housing costs (CPIH) climbed 8.6% year on year and was up 0.5% month on month.

Baha Breaking News (BBN) / NP