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		</div><p>Inflation slid to its lowest level for almost three years in August, on the back of tumbling computer games prices and a slowdown in price increases for clothing.</p>
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<p>Figures from the Office for National Statistics (ONS) show the Consumer Prices Index (CPI) was 1.7% last month, compared with 2.1% in July. This was the lowest rate of inflation since November 2016.</p>
<p>The fall was steeper than analysts predicted, having forecast inflation of 1.9%.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">The CPIH 12-month rate was 1.7% in August 2019, down from 2.0% in July 2019 <a href="https://t.co/kfXFXhEYHq">https://t.co/kfXFXhEYHq</a> <a href="https://t.co/8TO3l1YJ0x">pic.twitter.com/8TO3l1YJ0x</a></p>
<p>&mdash; Office for National Statistics (ONS) (@ONS) <a href="https://twitter.com/ONS/status/1174239481798496259?ref_src=twsrc%5Etfw">September 18, 2019</a></p></blockquote>
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<p>Mike Hardie, head of inflation at the ONS, said: “The inflation rate has fallen noticeably into August, to its lowest since late 2016.</p>
<p>“This was mainly driven by a decrease in computer game prices, plus clothing prices rising by less than last year after the end of the summer sales.”</p>
<p>Prices for recreation and culture were 0.6% down against the previous month, as it was heavily affected by plummeting prices in the volatile games, toys and hobbies category.</p>
<p>The category – which is heavily impacted upon by the calendar for video games – slid 5% against the previous month on the back of heavy discounting.</p>
<p>Clothing and footwear also contributed to the decline, as prices increased by 1.8%, significantly slower than after the end of the equivalent summer sales period last year.</p>
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<figure id="attachment_140235" aria-describedby="caption-attachment-140235" style="width: 600px" class="wp-caption aligncenter"><img class="size-full wp-image-140235" src="https://londonglossy.com/wp-content/uploads/2019/09/4A76DBA2-F473-4944-9978-74E088D00313.jpeg" alt="" width="600" height="342" /><figcaption id="caption-attachment-140235" class="wp-caption-text">Computer games prices fell over the period</figcaption></figure>
<p>Meanwhile, package holidays saw inflation slow to 0.4%, while accommodation services saw prices fall by 1.7%.</p>
<p>Alcoholic drink prices saw a slowdown in growth to 0.5%, after beer prices sank by 1.1% and there was a slowdown in inflation in wine prices.</p>
<p>However, food prices increased by 0.6% during the month on the back of rising bread, cereals and meat prices.</p>
<p>The Retail Prices Index (RPI), another measure of inflation, dipped to 2.6% for August from 2.8% in July.</p>
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