15/07/2014

Inflation Rises To 1.9% in June

The Consumer Price Index (CPI) rose to 1.9% in June, up from the previous rate of 1.5%, according to new figures from the Office for National Statistics (ONS).

The increase is being attributed to higher prices on clothing, footwear and food and non-alcoholic drink.

The figure remains just below the Bank of England set target of 2%.

The Retail Price Index (RPI) measured inflation also increased to 2.6% in June, up from 2.4% in May.

The full ONS report can be read here.

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