date:Aug 20, 2014
The possibility of an interest rate rise in the UK this year has become more remote after figures were published revealing that the rate of inflation dropped in July to a greater extent than had been anticipated.
The consumer price index fell to 1.6 per cent from 1.9 per cent in June, marking the seventh month in a row that annual inflation has registered below the Bank of England's 2-per-cent target, according to the UK Office for National Statistics data. The prices of alcohol and food contri