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- UK consumer price growth stabilized in June
UK consumer price growth stabilized in June
The Consumer Prices Index (CPI) 12-month rate was 2.0% in June 2019, unchanged from May 2019.
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 1.9% in June 2019, unchanged from May 2019.
The largest downward contributions to change in the 12-month rate between May and June 2019 came from motor fuels, accommodation services and electricity, gas and other fuels, with prices in each category falling between May and June 2019 compared with price rises between the same two months a year ago. The largest offsetting upward contributions to change came from clothing and food.
Some other details on the day as producer price and retail price figures are released:
PPI output -0.1% vs +0.1% m/m expected
PPI output +1.6% vs +1.7% y/y expected
PPI input -1.4% vs -0.5% m/m expected
PPI input -0.3% vs +0.3% y/y expected
RPI +0.1% vs +0.1% m/m expected
RPI +2.9% vs +2.9% y/y expected
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