The UK’s inflation rate fell to 0% in August, down from July’s rate of 0.1%, the Office for National Statistics (ONS) has said.
Inflation, as measured by the Consumer Prices Index, fell due to a smaller rise in clothing prices from a year ago and cheaper fuel prices, the ONS said.
CPI inflation has been almost flat for the past seven months.
Inflation has failed to take off due to a sharp fall in oil prices and a continuing supermarket price war.
Oil prices hit a six-and-a-half year low of around $42.50 per barrel in late August.
The ONS figures also showed that the Retail Prices Index (RPI) measure of inflation rose to 1.1% from 1.0% in July.
Via BBC News
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