UK inflation falls to 9.9% after drop in petrol prices

Unexpected dip in August is first easing of upward pressure on cost of living in almost a year

Analysis: Bank of England will not take foot off throttleBusiness live updates: UK inflation eases to 9.9%

Falling petrol prices pushed Britain’s inflation rate back below 10% in August in the first easing of upward pressure on the cost of living in almost a year.

The consumer prices index – the government’s preferred measure of inflation – dipped from 10.1% in July to 9.9% last month, with cheaper motoring costs more than offsetting the impact of dearer food.

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