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UK inflation fell below expectations in August, falling to 6.7% from 6.8% in July, rather than rising due to rising petrol costs.

The decline in nearly all inflation measures surprised economists and will put pressure on the Bank of England to stop raising interest rates and keep rates at 5.25% on Thursday.

Core inflation (excluding food, alcohol and energy prices) fell to 6.2% in August from 6.9% in July, while service costs increased by 6.8% annually in August, and the inflation rate was lower than 7.4% in July.


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