UK Inflation Edges Lower Despite Rising Fuel Prices

UK Inflation Edges Lower Despite Rising Fuel Prices
Petrol pumps at a Texaco petrol station in the United Kingdom, in an undated file photo. Michael Crabtree/PA Media
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Inflation nudged lower last month despite rising fuel and transport costs.

New figures from the Office for National Statistics (ONS) revealed that the rising cost of living slowed last month, but still struck the second-highest reading since 2012 and is expected to increase again, according to economists.