Tuesday, August 15, 2006
Inflation remains above the governments inflation target
Inflation fell marginally to 2.4% in July, but the figure remains above the government's 2% inflation target. The Consumer Price Index (CPI) dipped from 2.5% in June, according to the Office for National Statistics (ONS). The headline rate of Retail Price Inflation (RPI) remained unchanged at 3.3%, the ONS said.