UK inflation drops in August on falling transport costs

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The consumer prices index (CPI) fell from 2.8% to 2.7% in August, in line with economists' expectations, as falling transport costs pushed the headline figure down.

The Office for National Statistics (ONS) said the fall was attributable to smaller rises in the price of both petrol and airline costs compared with those seen in August 2012. RPI inflation, how...

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