More News Inflation eased in Britain last month but remained well above the government's 2 percent target - forcing the Bank of England to publish its third open letter this year to explain the extended blowout in prices. The Office for National Statistics reported on Tuesday that the headline consumer price index rose 3.1 percent in the year to July, down from 3.2 percent in June. That was the lowest rate since February, but the eighth consecutive month that the inflation rate has exceeded the...
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