June’s fall in inflation will be welcomed by the new prime minister but analysts warn the fall is temporary.June’s fall in inflation will be welcomed by the new prime minister but analysts warn the fall is temporary.
Image source, Getty ImagesByEmer Moreau
Business reporter
The UK rate of inflation has slowed to 2.6% in the year to June, driven down by lower fuel prices, according to new figures.
The June rate of inflation fell from the 2.8% recorded for the year to May, the Office for National Statistics (ONS) said.
Food prices also fell, driven by products such as chocolate, beef and margarine.
ONS chief economist Grant Fitzner said: “A fall in motor fuel prices, particularly diesel, helped ease inflation in June.”
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