date:Aug 20, 2014
buted significantly to the fall.
Economic commentators expected a smaller reduction about 1.8 per cent.
James Knightley, economist from ING, stated:
On the face of it this supports an on-hold stance from the Bank of England. The combination of sterling strength (making imported goods cheaper), along with weak wage growth and lower energy prices, which are limiting business cost growth, means inflation looks set to remain contained for now.
This further eases the pressure on the Bank of Engl