Technical 'bluff' sees UK 12-month inflation dip in July

Office for National Statistics figures show the effects of lockdown easing in 2020

Mike Sheen
clock • 2 min read
Technical 'bluff' sees UK 12-month inflation dip in July

The UK’s 12-month inflation rate saw growth slow in July, largely as a result of technical base effects linked to the first easing of lockdown conditions last year, the latest data from the Office for National Statistics (ONS) show.

ONS figures published this morning (18 August) show the Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 2.1% in the 12 months to July, down from 2.4% in the previous m...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Pensions policy changes to be key part of delivering £220bn to UK economy

Pensions policy changes to be key part of delivering £220bn to UK economy

L&G finds reforms could add 0.7% to UK GDP in next decade, delivering £8.8bn for government

Jasmine Urquhart
clock 08 December 2025 • 2 min read
Partner Insight: Paris Agreement - A reflection on net zero 10 years on

Partner Insight: Paris Agreement - A reflection on net zero 10 years on

As COP30 is under way, we are reflecting on the progress the world is making towards net zero, a decade since the Paris Agreement was adopted.

Carlota Garcia-Manas, Head of Climate Transition and ESG Engagement @ Royal London Asset Management
clock 05 December 2025 • 3 min read
People's Pension appoints Robeco to run £3.6bn emerging markets brief

People's Pension appoints Robeco to run £3.6bn emerging markets brief

Move comes in a shift from a passive to an active approach in bid to deliver higher returns

Jasmine Urquhart
clock 02 December 2025 • 2 min read
Trustpilot