Tumbling cost of crude oil,supermarket price war and cheaper clothing offers timely boost to consumer spendingSharp falls in petrol and diesel pulled UK inflation back down to zero final month as tumbling crude oil prices trickled down to households.
Official figures showed inflation on the consumer prices index edged back down to 0.0% in August from 0.1% in July, continuing the trend since the start of this year of virtually no year-on-year rise in living costs. Inflation has been below the Bank of England’s 2% target for the past 20 months.
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Source: theguardian.com