Holidays and lower house prices slow British inflation

BRITISH inflation unexpectedly slowed in June after the cost of overseas holidays fell and house prices rose

Retail prices excluding mortgage-interest payments, or RPIX, the Britain’s main gauge of inflation, rose 2.8% from a year ago, the lowest gain since January and down from 2.9% in May, the government said.

Economists had predicted an annual rate of 3%. From the previous month, prices fell 0.1%.