UK inflation slows to 7.9% in June – Kommersant
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British Office for National Statistics (ONS) reportedthat the consumer price index (CPI) in June increased by 7.9% compared with June last year. The June price increase was the lowest in more than a year, it is less than the May figure (8.7%) and analysts’ forecasts, interviewed Reuters (8.2%).
The slowdown in inflation was largely due to lower fuel and transport prices (-0.7%), as well as a significant slowdown in the growth of prices for furniture and household goods (0%), alcohol and tobacco (0.1%), clothing and footwear (0.2%). Food prices in June rose by 0.4%, while in May – by 1.2%.
Experts believe that the downward trend in inflation in Britain will continue in the coming months. “The June slowdown should continue with a larger slowdown in July thanks to lower energy bills,” Souren Tiru, director of economic research at the Institute of Chartered Accountants of England and Wales, told CNBC.
Read about how the attitude of European regulators to high inflation is changing in the material “Kommersant” “Where there are two, there are four”.
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