UK inflation rate unexpectedly dips to 9.9% as fuel prices decline

The consumer price index rose 9.9% annually

according to estimates published Wednesday by the Office for National Statistics.

new British PM Liz Truss announced an emergency fiscal package capping annual household energy bills at £2,500 for the next 2 years

U.K. inflation slowed in August on the back of a fall in fuel prices

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though food prices continued to rise as the country's cost-of-living crisis persists

fractionally below a consensus forecast of 10.2% among economists polled by Reuters

It was also down from July's figure of 10.1%, Month-on-month, consumer prices rose 0.5% fractionally below forecasts.

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