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News
Inflation rate down
Inflation dipped in July. The annual rate of inflation under the Retail Prices Index (RPI) — the inflation measure favoured by union negotiators — fell to 3.2% from 3.4% in June.
The July RPI inflation rate will be used to increase regulated rail fares next year.
Inflation under the Consumer Prices Index Housing (CPIH), was unchanged at 2.3%, while under the Consumer Prices Index it edged up to 2.5% from 2.4%.