14 Jul 2015
UK CPI in June fell back to 0%
FXStreet (Mumbai) - The UK Office for National Statistics (ONS) data on Tuesday showed CPI in June fell back to 0% year-on-year in June as expected, compared to the 0.1% rise seen in May.
As per the ONS report, the decline in clothing and food prices were the main contributors to the change in the rate along with smaller rises in air fares than a year ago. There were no large upward effects to offset the change.
Month-on-month, the CPI fell back to 0% in June from 0.2% in May. Core CPI slipped back to 0.8% year-on-year, compared to the previous month’s figure of 0.9%.
The report also showed the Retail Prices Index (not a National Statistic) grew by 1.0% in the year ending June 2015.
As per the ONS report, the decline in clothing and food prices were the main contributors to the change in the rate along with smaller rises in air fares than a year ago. There were no large upward effects to offset the change.
Month-on-month, the CPI fell back to 0% in June from 0.2% in May. Core CPI slipped back to 0.8% year-on-year, compared to the previous month’s figure of 0.9%.
The report also showed the Retail Prices Index (not a National Statistic) grew by 1.0% in the year ending June 2015.