The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index declined to 0.0% in August from 0.1% in July, in line with expectations.

The decline was driven by low petrol prices.

On a monthly basis, U.K. consumer prices rose 0.2% in August, in line with expectations, after a 0.2% decline in July.

Consumer price inflation excluding food, energy, alcohol and tobacco prices fell to 1.0% in August from 1.0% the month before.

The Retail Prices Index remained climbed to 1.1% in August from 1.0% in July, beating expectations for a decrease to 0.9%.

The consumer price inflation is below the Bank of England's 2% target.