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- UK Consumer Prices Index 12-month inflation rate was 2.5%, as expected
UK Consumer Prices Index 12-month inflation rate was 2.5%, as expected
The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 2.3% in July 2018, unchanged from June 2018.
Rising prices for computer games and transport fares produced the largest upward contributions to change in the 12-month rate between June and July 2018, although computer game prices tend to be highly variable from month to month.
The upward effects were offset by falls in prices for clothing and footwear, and the removal of initial charges for investment in some unit trusts.
Prices for clothing and footwear fell by 0.4% between July 2017 and July 2018, the first time the 12-month rate has been negative since October 2016.
The Consumer Prices Index (CPI) 12-month rate was 2.5% in July 2018, up from 2.4% in June 2018.
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