THE UK inflation rate fell to 2% in the year to July as the final coronavirus restrictions were removed reports the BBC.

The Consumer Prices Index (CPI) measure of inflation dipped from 2.5% in the year to June, the highest level for nearly three years, the Office for National Statistics (ONS) said.

The rate fell to the Bank of England’s 2% inflation target, after being higher for two months in a row.

The dip in inflation was driven by price falls in clothing and footwear. 

That “largely offset” price rises in transport, the ONS said.

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https://www.bbc.co.uk/news/uk-58254000