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- UK consumer price inflation falls to 0.0% in June
UK consumer price inflation falls to 0.0% in June
The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index fell to 0.0% in June from 0.1% in May, in line with expectations.
The decrease was driven by lower food and summer clothing prices.
The Bank of England Governor (BoE) Mark Carney expects the consumer price inflation to rise towards the end of the year.
On a monthly basis, U.K. consumer prices was flat in June, missing expectations for a 0.1% gain, after a 0.2% rise in May.
Consumer price inflation excluding food, energy, alcohol and tobacco prices declined to 0.8% in June from 0.9% the month before.
The Retail Prices Index remained unchanged at 1.0% in June, in line with expectations.
The consumer price inflation is below the Bank of England's 2% target.
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