Inflation decreased in June with CPI declining to 2.6% (2.9%) and RPI to 3.5% (3.7%) i.e. almost back to April’s levels.
CPIH declined by just 0.1% to 2.6%. The ONS analysis of the changes said:
- This is the first fall in the CPIH inflation rate since April 2016, although it remains higher than in recent years.
- Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate.
- These downward contributions were partially offset by rising prices for furniture and furnishings.
The full ONS report can be found here.