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Macroeconomics  |  August 14, 2012 12:27:00

Consumer prices in Britain rose in July year on year by 2.6 pct

Consumer prices in the UK in July month on month increase of 0.1% after a decline of 0.4% in June, the Statistical Office reported. In comparison price growth unexpectedly accelerated to 2.6% from 2.4% in June, the lowest level since November 2009. In the same period a year ago, inflation was around 4.4%. A majority consensus foreseen annual growth rate of 2.3%.

Monthly evolution of the CPI price increase affected the most in your right (1.0%), housing (0.4%), alcoholic drinks and tobacco (0.8%).Conversely, prices were mainly clothing and footwear (-2.6%) and household utensils (-1.1%). Prices of food and soft drinks rose by 0.2%, prices stagnated health care and education. Significantly increased cost of air travel, while the decline in prices of fuel and motor vehicles. Prices also declined clothes, furniture and home accessories.

Compared to contribute most housing prices, restaurant and hotel services, food and soft drinks, transport and household goods. Food prices grew the slowest in two years.Britain adjusted consumer prices excluding energy, food, tobacco and alcoholic beverages in July increased by 0.1% and grew by 2.3%. Retail price index rose by 0.1% and annual growth accelerated to 3.2% from 2.8%, the lowest level since December 2009.

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