LONDON (AP) — Official data shows that the annual consumer price inflation rate in the United Kingdom eased to 2.5 percent in August, down a tenth of a point from July, in line with market expectations.
The Office for National Statistics said Tuesday that month-to-month price increases were lower this year than last for furniture, household equipment and maintenance. Prices rose by 0.8 percent from July, compared with a 2 percent hike a year earlier.
The main upward pressure came from liquid fuels which were 7.1 percent more expensive than in July, compared with a 3.7 percent drop last year.
The government's official inflation target is around 2 percent year-on-year. Consumer price inflation recently peaked at 5.2 percent in September 2011, and has been above target every month since December 2009.