UK inflation rates in August announced

Consumer prices index (CPI) in the UK rose 2.7 percent in the year to August 2013

UK inflation rates in August announced

The consumer price index (CPI) in the UK rose 2.7 percent in the year to August 2013, down from 2.8% in July.

The Office for National Statistics (ONS) released on Tuesday the Consumer Price Inflation data for August 2013.

According to the data released, the consumer price index (CPI) in the UK rose by 2.7 percent in the year to August 2013, while it was down from 2.8 percent in July 2013.

It was added that the largest contributions to the fall in the rate came from the motor fuels and clothing sectors.

Furthermore, ONS stated that the Retail Prices Index increased 3.3 percent in the mentioned period.

The rate of Retail Prices Index was noted 3.1 percent in July 2013.

CPI in the UK has been above 2 percent since November 2009. British economy grew 0.7 percent in the second quarter of this year and it is expected to grow around 1 percent in the upcomming quarter, the Q3.

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Last Mod: 17 Eylül 2013, 15:07
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