Price rises slow down driven by clothes discounts
Business / Wed 18th Aug 2021 at 07:40am
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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