(Office for National Statistics) The Consumer Price Index in the UK was 2.1% for the year ended July 2021, a decline from 2.4% recorded in the 12 months to June.
On a monthly basis, consumer prices increased by 2.0% in July, down from 2.5% recorded in June.
Second-hand cars accounted for a significant increase in CPI despite falling a year ago.
The easing of UK inflation came even as factory gate prices surged the most in almost a decade.
The Bank of England projects that inflation will rise by 3% in August and rise further to at least 4% in the final two months of 2021, driven by global surges in goods prices and energy.
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