UK inflation slows but expected to rise again

UK’s inflation slowdown in July is partly due to the clothing sector, where price growth stood at 1.7% after a 3.0% bounce in June. – EPA pic, August 18, 2021.

BRITAIN’S annual inflation rate slowed sharply last month as clothing retailers slashed prices in the pandemic-hit sector, official data showed today, but economists warned it will likely rise again.

The Consumer Prices Index stood at 2.0% last month, the Office for National Statistics said in a statement.

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