Bank of England unlikely to raise interest rates until next year after consumer price index dips further below 2% target
Fierce price wars between supermarkets helped push inflation further down last month but the drop is expected to bring only limited relief to households as wages continue to stall.
Official figures showed a fall in food and petrol prices helped inflation drop to 1.5% in August from 1.6% in July, as measured by the consumer price index (CPI).
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