mpc.theyserveforyou.com

mpc: 25 CPI inflation had fallen to 1.4% in July from 1.6% in June, as the contribution from higher petrol prices had moderated and the `base effect' from falls in petrol prices in June 2003 had dropped away. In line with the pre-release arrangements, an advance estimate of CPI inflation in August had been provided to the Governor 3½ working days ahead of publication, and this had suggested a further fall in the rate to 1.3%, which was in line with the Committee's expectations.