Inflation in the UK market has continued to slow over the past month, giving the government a dose of optimism that it will get rid of the dilemma that has crippled the recovery of the economy.
Inflation eased in July to 6.8 percent in a single year from 7.9 percent in June, mainly due to lower energy prices, which contributed to lowering the cost of living.
According to the Office for National Statistics' monthly report, food prices continued to rise in July, but at a slower pace than a year ago, which also contributed to curbing inflation.
Source (Al-Arab Newspaper of London, Edited)
