United Kingdom Inflation

United Kingdom

United Kingdom: Consumer prices post flat annual growth in June

July 15, 2015

In June, consumer prices did not change over the previous month. The figure was down from the 0.2% increase seen in May and marked the lowest reading in five months. The reading showed that higher prices for alcohol and tobacco offset lower prices for food and non-alcoholic beverages.

In addition, consumer prices were flat on an annual basis, which was down from the 0.1% increase observed in May. June’s reading met market expectations. Annual average inflation inched down from 0.8% in May to 0.6% in June, the lowest level on record.

In its latest inflation report from February, the Bank of England projected that inflation will average 0.2% in 2015 and 1.5% in 2016. FocusEconomics Consensus Forecast panelists expect inflation to average 0.4% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel forecasts that inflation will average 1.6%.


Author:, Senior Economist

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United Kingdom Inflation June 2015

Note: Annual and monthly variation of consumer price index in %.
Source: Office for National Statistics (ONS) and FocusEconomics calculations.


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