UK inflation fell to 9.9% in August

According to the report of the National Statistical Service of the United Kingdom, inflation in the UK fell in August to 9.9% in annual terms. Despite the local decline, the growth rate of consumer prices remained the highest in the last 40 years.

In July, the consumer price index in the country increased by 10.1% compared to the same month last year.

On a monthly basis, the indicator increased by 0.5% after an increase of 0.6% in July. Analysts expected annual inflation at the level of 10.2%, monthly — at the level of 0.6%.

The CPIH index (inflation taking into account homeowners' expenses for housing maintenance) was 8.6% after 8.8% a month earlier. In August, prices for this index increased by 0.5% after 0.6% in July.

Experts note that one of the main factors that slightly slowed down the rate of inflation in August was the decline in car fuel prices. At the same time, food and clothing continued to rise in price, as a result of which inflationary pressure remained at a high level. The Bank of England expects that by the end of the year, inflation in the country may reach 13%.