News Summary Slower airfare growth helps lower UK inflation to 2.8 percent in July

THE NUMBERS: U.K. consumer prices rose 2.8 percent in July, down from a 2.9 percent increase in June. THE REASON: Lower clothing prices and slower growth in airfares held down inflation, offsetting higher gas prices. BIG PICTURE: Inflation has remained stubbornly above the Bank of England's 2 percent target since December 2009. It was at a 14-month high in June. The central bank says the …

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