UK annual inflation down to 2.5% in August

The inflation rate in the United Kingdom was recorded at 2.50 percent in August of 2012. The UK CPI annual inflation stands at 2.5 per cent in August, down from 2.6 per cent in July, the Office for National Statistics (ONS) said. The largest downward pressures behind the change in the CPI rate came from furniture, household equipment and maintenance, housing and household services (particularly domestic gas) and clothing and footwear. These were partially offset by an upward pressure from transport (particularly motor fuels). The largest upward pressure to the change in CPI annual inflation between July and August came from transport (particularly motor fuels). Historically, from 1989 until 2012, the United Kingdom Inflation Rate averaged 2.8 Percent reaching an all time high of 8.5 Percent in April of 1991 and a record low of 0.5 Percent in May of 2000.