UK inflation falls to 7.3%

Written by Dan McGrath

19/07/2023

UK inflation has fallen to 7.3% in June in the latest Consumer Price Index including owner occupiers’ housing costs (CPIH) figures, compared to 7.9% in May, the Office for National Statistics (ONS) has found.

The CPIH figures have shown that the current rate is the lowest it has been since March 2022, having hit a 40-year rate high in October 2022.

The latest Consumer Price Index (CPI) figures by the ONS have also seen a fall to 7.9% in the 12 months to June 2023, down from 8.7% in May 2023.

This figure is also the lowest the CPI data has been since March 2022, having hit a recent peak in October 2022 of 11.1%, the highest it has been since 1981.

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