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Rents are still increasing at 8.4%. I think the reduction was largely limited to services? Would be nice to see a breakdown.
I'm sure the Bank of England will be happy to pump up house prices again as they drop interest rates though.
Edit: Ah, transport was the largest factor:
The largest downward contribution to the monthly change in both CPIH and CPI annual rates came from transport, with larger negative contributions from air fares and motor fuels; the largest offsetting upward contribution came from food and non-alcoholic beverages.
slippers
Great news on inflation i guess, back to 1.7%