UK Inflation Eases To Near 5-Year Low

UK inflation slowed to a near five-year low in August largely driven by subsidies provided for eating out and lower taxes, the Office for National Statistics reported Wednesday. Inflation eased less-than-expected to 0.2 percent in August from 1 percent in July. Prices were forecast to climb 0.1 percent. But this was the lowest rate since December 2015.Original Article