Inflation continues to slow

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Consumer price inflation tumbled to 1.6% in July 2014, down from 1.9% in June 2014, the Office for National Statistics (ONS) reveals.

The Consumer Prices Index (CPI) grew by 1.6% in the year to July 2014, while the Retail Prices Index (RPI), which includes housing costs, also fell, from 2.6% to 2.5%. Economists had expected in...

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