The unexpected fall in UK inflation in August provided little relief for the Bank of England (BOE) which has been working hard to combat it.
Most recently, the Office for National Statistics (ONS) reported that the UK consumer price index (CPI) rose to 9.9% on an annual basis last month from 10.1% recorded in July.
The figure also missed expectations for a 10.2% increase, but it was still at a new 40-year high.
On the other hand, core inflation (excluding energy and food prices) reportedly increased to 6.3% year-on-year from 6.2% recorded the previous month.
This is the first time in 11 months that inflation in the UK has fallen with the decline in petrol prices being the main contributor to the fall.
This reading may create the impression that inflation has peaked, thus reducing pressure on the BOE to act.
The latest move by Prime Minister Liz Truss to freeze rising energy bills hitting households may ease further inflationary pressures for the UK.
However, analysts say it will only have a short-term impact on inflation, but price growth is expected to remain strong until next year.
