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- UK consumer price inflation is down to 0.0% in August
UK consumer price inflation is down to 0.0% in August
The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index declined to 0.0% in August from 0.1% in July, in line with expectations.
The decline was driven by low petrol prices.
On a monthly basis, U.K. consumer prices rose 0.2% in August, in line with expectations, after a 0.2% decline in July.
Consumer price inflation excluding food, energy, alcohol and tobacco prices fell to 1.0% in August from 1.0% the month before.
The Retail Prices Index remained climbed to 1.1% in August from 1.0% in July, beating expectations for a decrease to 0.9%.
The consumer price inflation is below the Bank of England's 2% target.
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