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READ MOREUK inflation slows more sharply than expected to 2.0% in July
British inflation fell back to the Bank of England's 2 per cent target last month in an unexpectedly sharp drop, official data showed on Wednesday, with the clothing and recreation and culture sectors dragging the rate of price growth lower.
Economists polled by Reuters had expected the data to show consumer prices rose at an annual rate of 2.3 per cent in July following a 2.5 per cent rise in June.
Read more at Reuters.
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