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Inflation Falls Slightly 28 August 2003

The annual rate of inflation for All Items fell to 2.9% in August from the July figure of 3.0%. The rate for All Items excluding Housing rose to 2.9% in August from the July figure of 2.5%. Monthly increases in the index were recorded in Personal goods and services (3.3%), Food (1.6%), Motoring expenditure (0.9%), Alcoholic drinks (0.8%) and Household services (0.8%). Other increases were below 0.5%.

The main decreases recorded between mid-July and mid-August were in Housing (-2.6%) and Fuel and light (-0.9%).

The General Index of Retail Prices for August now stands at 109.7 (January 2000 = 100.0).

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