Tuesday August 18, 10:08 AM
UK annual inflation stable at 1.8% in July
LONDON (AFP) - Britain's 12-month inflation was unchanged at 1.8 percent in July, holding underneath the Bank of England's 2.0-percent target, official data showed on Tuesday.
"Consumer Prices Index (CPI (NYSE: CPY - news) ) annual inflation was 1.8 percent in July, the same as June, which is below the government's 2.0 percent target," the Office for National Statistics (ONS) said in a statement.
CPI inflation stood at zero in July on a monthly basis from June, the ONS added.
The data compared with economists' forecasts for an annual rise of 1.5 percent and monthly decline of 0.3 percent.
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