UK inflation rate falls again
Annual inflation in the UK has fallen for the third month in a row to 3.1% in July.
According to figures from the Office for National Statistics the main reasons for the decrease in the Consumer Prices Index were transport costs, clothing and footwear. It cited upward pressure coming food and non-alcoholic beverages.
The all items Retail Prices Index, which includes mortgage repayments, also fell from 5.0% in June to 4.8%.
Owen James, economist at the centre for economics and business research, commented: "Inflation has remained above, or equal to, the Bank of England's target
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