UK: Inflation Rate Increases to 0.6 Percent in June

Published July 15th, 2020 - 01:00 GMT
UK: Inflation Rate Increases to 0.6 Percent in June
The average forecast of economists was for the rate to fall to 0.4%, according to Reuters poll. (Shutterstock)
Highlights
Consumer price inflation increased to 0.6% in June from 0.5% in May, the Office for National Statistics said.

British inflation rose unexpectedly last month, official data showed on Wednesday.

Consumer price inflation increased to 0.6% in June from 0.5% in May, the Office for National Statistics said.

The average forecast of economists was for the rate to fall to 0.4%, according to Reuters poll.

Core inflation - which excludes typically volatile energy, food, alcohol and tobacco prices - rose to 1.4% from May’s 1.2%. Economists had expected the rate to remain unchanged at 1.2%.


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