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Inflation rate remains steady at 0.6% in August

Rising food prices and air fares were offset by a slip in the cost of clothing, wine and hotels in August. Credit: PA

The rate of inflation remained steady in August as rising food prices and air fares were offset by a slip in the cost of clothing, wine and hotels.

The Office for National Statistics has announced the rate of Consumer Price Index inflation remained at July's level of 0.6% in August.

The ONS also recalculated a dip in the rate of the rise in house prices through 2016 so far and noted an increase in the average cost of house prices in July.

The ONS said there was "little sign" of the post-Brexit plunge in the value of the pound being passed through to consumer prices.

However, the Producer Prices Index was impacted by the sterling slump, with input prices rising 7.6% in the year to August and imported material prices climbing by 9.3% over the period.

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