ONS: CPI inflation fell to 2.8% in July

The rate of consumer price index inflation fell to 2.8 percent in the year to July 2013, down from 2.9% in June, according to the latest figures from the Office for National Statistics.

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Rail fares to rise by 4.1%

Regulated train fares are set to rise by an average 4.1% from January after the headline rate of retail price index nflation fell to 3.1% in July from 3.3% in June. Labour has pledged to cap fare rises if it gets into power.