UK inflation remains at 2.4%

Inflation remains at 2.4% in June
Inflation remained at 2.4% for the third month in a row in June
  • The Consumer Price Index (CPI) 2.4% in June
  • The Consumer Prices Index including housing costs 2.3% in June
  • Prices for clothing and games, toys and hobbies fall
  • Motor fuels and domestic gas and electricity rise

The Consumer Price Index (CPI) has remained unchanged at 2.4% in June 2018 for the third consecutive month, according to the Office for National Statistics.

Whilst prices for motor fuels and domestic gas and electricity rose, this was offset by falling prices for clothing, games, toys and hobbies.

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) remained at 2.3% in June 2018 and has steadied from its recent high of 2.8% in autumn 2017.

Contributions to the CPIH 12-month rate: June 2016 to June 2018

CPIH June 2016 to June 2018
Source: Office for National Statistics

The CPIH, produced each month by the Office for National Statistics, is adjusted to include a measure of the costs associated with owning, maintaining and living in one’s own home.