UK June Inflation Rate Steady at 2%

The annual inflation rate in the United Kingdom was at 2 percent in June 2019, unchanged from the previous month and matching market expectations. Cost of food and-non-alcoholic beverages rose further while prices slowed for transport and housing & utilities.

Year-on-year, prices went up further for food and non-alcoholic beverages (1.6 percent vs 1 percent in May); furniture & household equipment (0.9 percent vs 0.6 percent); health (2.6 percent vs 2.5 percent); and alcoholic beverages & tobacco (3.7 percent vs 3.3 percent). Meanwhile, cost eased for transport (2.4 percent vs 2.8 percent); housing, water, electricity, gas and other fuels (2.8 percent vs 3.4 percent); restaurants and hotels (2.4 percent vs 2.8 percent); and communication (4.3 percent vs 4.9 percent). Additionally, inflation was steady for recreation and culture (at 1.8 percent, the same as in May);  miscellaneous goods and services (at 1.1 percent); and education (at 3.1 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) stood at 1.9 percent in June, unchanged from the prior month.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, advanced to 1.8 percent from an over 2-year low of 1.7 percent in May.

On a monthly basis, consumer prices were flat, afer a 0.3 percent gain in May.

UK June Inflation Rate Steady at 2%

ONS | Stefanie Moya |
7/17/2019 8:48:17 AM