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UK's CPI increases 6.7% in August 2023

In a further breakdown, the August **** rate is the lowest observed since February ****, reflecting a steady slowdown in the inflation rate. This decline in the annual rate between July and August was partly due to prices increasing by a modest *.* per cent month-on-month, as opposed to the *.* per cent rise witnessed a year earlier.

Delving into specific categories, core CPI, which excludes energy, food, alcohol, and tobacco, experienced a decrease, moving from *.* per cent in July to *.* per cent in the ** months to August ****. However, the annual rate for goods slightly went up from *.* per cent to *.* per cent, as per ONS.