Surprise fall in UK inflation

CPI, the government’s target measure of inflation, fell to 4.2% in June, down from 4.5% in May. This took economists by surprise, as there was a general expectation that inflation would rise this month. The biggest reason for the fall was the drop in prices in the recreation and culture category, which largely reflected lower prices for computer games and … Continue reading

Posted by Nigel Tree | Comments Off on Surprise fall in UK inflation