15/09/2015

Inflation Drops To 0% In August

Inflation fell to 0% in August, new figures from the Office for National Statistics (ONS) have revealed.

The UK's national inflation rate fell from 0.1% in July, as measured by the Consumer Price Index.

The ONS figures also show that the Retail Prices Index (RPI) rose from 1.0% in July to 1.1% in August.

The CPI 12-month rate (the amount prices change over a year) between August 2014 and August 2015 stood at 0.0%. This means that a basket of goods and services that cost £100.00 in August 2014 would have still cost £100.00 in August 2015. This continues the trend of the previous 6 months when inflation had been at or around 0.0%.

The full list of figures is available on the ONS website.

(MH/CD)

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