Inflation eases slightly in August to 9.9%


he UK’s annual inflation rate eased slightly to 9.9 per cent in August, but remains close to a 40-year high.

The Office for National Statistics said the consumer price index fell last month after a record reading of 10.1 per cent in July.

The drop comes as a suprise with a city economists forecasting a modest rise to 10.2 per cent.

This is a breaking news story – updates to come

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