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Inflation falls, hope for boost up in UK
Source: Agencies |
September 19, 2012, Wednesday
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Print Edition
Print Edition
THE UK's annual rate of inflation dropped back to 2.5 percent in August, down from 2.6 percent in July, encouraging expectations that the Bank of England will introduce more monetary stimulus this year.
Lower month-to-month price increases for furniture, household equipment and maintenance were the main downward pressure on the Consumer Prices Index, the Office for National Statistics said. Prices in that category rose by 0.8 percent from July, compared with a 2 percent hike a year earlier.
The main upward pressure came from gas and diesel fuel, which were 7.1 percent more expensive than in July, compared with a 3.7 percent drop last year.
Lower month-to-month price increases for furniture, household equipment and maintenance were the main downward pressure on the Consumer Prices Index, the Office for National Statistics said. Prices in that category rose by 0.8 percent from July, compared with a 2 percent hike a year earlier.
The main upward pressure came from gas and diesel fuel, which were 7.1 percent more expensive than in July, compared with a 3.7 percent drop last year.
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