UK inflation sees first rise in 2020
Industry News | 15/07/20
UK inflation has risen for the first time so far in 2020, figures from the ONS show. The Consumer Prices Index (CPI) 12-month rate was 0.6% in June, up from 0.5% in May.
CPIH inflation – the ONS’ headline measure which includes owner occupiers’ housing costs – rose to 0.8% in June, up from 0.7% in May. The largest contribution to the CPIH 12-month inflation rate in June 2020 came from recreation and culture. Rising prices for games and clothing resulted in the largest upward contributions to the change between May and June.
Source: financial reporter
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