
Britain's consumer prices index (CPI) fell to 1.6 percent in the year to July 2014, exceeding the market's expectations, data from the Office for National Statistics (ONS) showed Tuesday.
The inflation rate fell from 1.9 percent in July, which was well below the Bank of England's 2 percent target. This eases market expectations of a rise in interest rates.
A fall in clothing prices provided the largest contribution to the fall in the rate. Prices of alcohol, financial services and food product groups also dragged down the rate, ONS said.
The largest, partially offsetting, upward effect came from the transport industry.
CPIH, an inflation gauge include consumer prices and owner occupier's housing costs, increased 1.5 percent in the year to July 2014, down from 1.8 percent a month previous, data showed.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor