Inflation Up For 1st Time in 2020
Published / Last Updated on 15/07/2020
Figures released today from the Office of National Statistics (ONS) saw UK inflation up for the first time in 2020.
The Consumer Prices Index (CPI) 12-month rate in May was 0.5% and in June went up to 0.6%.
CPIH which includes owner occupiers housing costs in May was 0.7% and in June went up to 0.8%.
Recreation and culture were the largest contributors to the rate in June. Clothing and games contributed for the rise in May and June.
Comment
Inflation is still extremely low. Expect more stimulus to recover and then a long period of inflation.