Inflation falls to 1.8%
Inflation has fallen slightly to its lowest level in more than a year, adding to the financial world's expectations that interest rates have peaked.
The Consumer Price Index (CPI) fell to 1.8% for August, down from 1.9%, and remained below the Government's 2% target.
The Office for National Statistics (ONS) said the reduction was due to less costly financial services, with cuts on some mortgage exit administration fees and falling gas and electricity bills.
However, RPI - the rate including mortgage interest repayments - increased from 3.9% to 4.1%.
