The latest figures have revealed the headline rate of inflation dropped 2.4% in June – the Consumer Price Index’s (CPI’s) lowest level since November 2009.
According to the Office of National Statistics, June’s CPI annual inflation was down from 2.8% in May. The largest downward pressures contributing to the figure were from clothing and footwear, transport, food and non-alcoholic beverages.
The Retail Price Index’s annual measure stood at 2.8% for the month, down from 3.1% in May, with downward pressures coming from food as well as motor fuels, clothing and footwear. Leisure goods and housing were the largest upward pressures.