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UK inflation eases to 4.2 pct in June

UK inflation eases to 4.2 pct in June

Official figures show that inflation in Britain unexpectedly eased in June.
The Office for National Statistics said Tuesday that consumer price inflation fell to 4.2 percent in the year to June from 4.5 percent in May.
The statistics office said the fall was largely due to lower prices for recreational products including games, toys and audio visual equipment.
The decline was unexpected. The consensus in the markets was that inflation would stay at 4.5 percent.
The Bank of England has largely justified its decision to keep its main interest rate at the record low of 0.5 percent on the assumption that inflation will likely fall closer to the official 2 percent target next year.


Updated : 2021-01-20 16:26 GMT+08:00