This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-33518710
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| UK's inflation rate falls to 0% | UK's inflation rate falls to 0% |
| (34 minutes later) | |
| The rate of UK Consumer Prices Index inflation fell to 0% in June, from 0.1% in May, official figures show. | |
| Falls in clothing and food prices were the main contributors to the change in the rate, the Office for National Statistics said (ONS). | Falls in clothing and food prices were the main contributors to the change in the rate, the Office for National Statistics said (ONS). |
| The ONS said the rate was also affected by a smaller rise in air fares than a year ago. | The ONS said the rate was also affected by a smaller rise in air fares than a year ago. |
| Bank of England governor Mark Carney has said he expects inflation to remain low in the short term. | Bank of England governor Mark Carney has said he expects inflation to remain low in the short term. |
| 'Rude health' | |
| "Inflation has continued its pattern of recent months, when prices have been very little changed on the previous year," said Philip Gooding from the ONS. | |
| "The headline rate for June has dropped very slightly on May, back to zero, thanks to small downwards effects from movements in clothing and food prices and air fares." | |
| The CPI rate has been hovering around zero since February, and moved into negative territory in April for the first time on record, dropping to -0.1%. | |
| Howard Archer, chief UK economist at Global Insight, said the latest figure was good news for consumers. | |
| "[With] earnings growth currently seeing clear improvement and employment high and rising, purchasing power is currently in rude heath," he said. |