A top economist at Morgan Stanley has warned that it is too soon to see the slight reduction in interest rates as a sign the economy has turned a corner, insisting that it was 'way premature' to celebrate.
On Wednesday the government released the latest report, which showed hit 8.5 percent for the month of July - down from 9.1 percent in June.
On a monthly basis, prices were unchanged from June to July - the smallest such rise for more than two years.
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