Inflation was fairly stable in July with CPI declining to 2.6% (2.6%) and RPI to 3.6% (3.5%).
CPIH also stayed the same at 2.6%. The ONS analysis of the changes said:
- The price of motor fuel continued to fall and provided the largest downward contribution to change in the rate between June 2017 and July 2017.
- This was offset by smaller upward contributions from a range of goods and services, including clothing, household goods, gas and electricity, and food and non-alcoholic beverages.
The full July ONS inflation report can be found here.