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 month....

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