Inflation slightly down to 2.7%

Press Association
Bank of England
Bank of England

Inflation eased back to 2.7% in August as retailers kept a lid on the prices of new autumn ranges while petrol pump rises slowed, official figures showed today.

The fall in the Consumer Price Index (CPI) from an annual rate of 2.8% in July was also spurred by a lower rise in air fares than last year, according to the Office for National Statistics.