U.K. inflation slowed to match the least in five years in August as a supermarket price war and weather effects pushed food prices down the most in more than a decade. The rate of consumer-price growth fell to 1.5 percent from 1.6 percent in July, the Office for National Statistics said today in London. Excluding May, that’s the lowest reading in five years. Food and non-alcoholic drinks dropped an annual 1.1 percent, the most since 2003. The BOE kept its key interest rate at 0.5 percent on Sept. 4 and Governor Mark Carney said days later that the current inflation environment is benign. He also said the time for ... (full story)