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UK Inflation rate falls to 0 percent

The UK’s inflation rate has fallen from 0.1 percent in July 2015 to 0 percent in August 2015 according to the Office of National Statistics.

The fall arises due to an increase in clothing prices and the downward change in motor fuel prices and sea fares. Rising prices of soft drinks and for furniture and furnishings also contributed to the fall.

CPIH (not a National Statistic) grew by 0.3 percent in the year to August 2015, down from 0.4 percent in July 2015.

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