Policymakers closely monitor various measures of inflation due to the volatile and international nature of energy prices
Core inflation, which excludes energy and food costs, saw a faster decline last month, dropping to 6.2 percent from 6.9 percent in July
Services inflation slowdown contributed to the decrease in core inflation, reflecting reduced labor costs, which are a significant factor in inflation
High energy bills, grocery prices, and other costs have squeezed household budgets, but recent data suggests inflation is beginning to abate
Britain's Prime Minister, Rishi Sunak, aims to halve inflation this year, a goal he is progressing towards
Central bankers remain cautious as inflation rates are still above their targets, with rising energy prices impacting inflation in the United States and Europe
The headline inflation rate in Britain is significantly higher than in the United States and the eurozone, where it's at 3.7 percent and 5.2 percent, respectively
Britain's higher core inflation can be attributed to faster-than-expected wage growth in the private sector due to a tight labor market
The Bank of England has raised interest rates to combat high inflation while striving to avoid pushing the economy into a recession
The central bank's upcoming decision on interest rates, influenced by slowing inflation and economic weakness, may result in a pause in rate hikes