UK CPI, PPI confirm deflation still “more likely than not”

The Office of National Statistics released August CPI and PPI figures which support the Bank of England’s view that deflation is “more likely than not”. The CPI grew by 0.2% in August, down from July’s figure of 0.1% and unchanged on a year on year basis. The less volatile core measure in August was 1.0% year on year, down from the comparable July figure of 1.2%. ANZ said the figures were...

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