SCOTTISH Chambers of Commerce chief executive Liz Cameron has shrugged off a surprise rise in annual UK inflation, citing the overall downward trend over the past 10 months.
The Office for National Statistics said yesterday that annual UK consumer prices index inflation rose from 2.4% in June to 2.6% in July. The City had forecast a fall to 2.3%, which would have taken the rate closer to the Bank of England's 2% target.
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