Inflation Falls To 3.1%

CPI annual inflation fell last month to 3.1% from 3.2% in June. Second-hand cars and fuel were the main downward factors between June and July but as in June there were downward contributions from clothing and footwear and additionally from recreation and culture. Upward pressure came from food and non-alcoholic beverages and furniture and household goods. The index stood at 114.3 down from 114.6 in May (2005=100).