Treasury: Inflation drop is 'good news for households and business'

Inflation coming down is good news for households and business. The rate of CPI inflation has now more than halved since its peak last September, bringing welcome relief to budgets

– Treasury spokesperson

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UK inflation edges lower

Inflation showed a slight drop last month falling to 2.5% in August, from 2.6% the previous month. The decline came as furniture prices, gas and electricity bills and clothing costs rose by less than a year ago.