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.
Author: Dirina Mançellari, Senior Economist