U.K. Inflation Slows From 14-Month High on Clothes Prices
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U.K. inflation slowed from a 14-month high in July, led by airfares and summer discounting at clothing stores.
Consumer prices rose 2.8 percent from a year earlier, compared with 2.9 percent in June, the Office for National Statistics said in London today. That matched the median forecast of 35 economists in a Bloomberg News survey. A separate report showed annual input-price inflation accelerated to 5 percent, the fastest since March 2012, boosted by oil prices.