Surprise fall in UK inflation

Pressure on the Bank of England to raise interest rates eased today as UK inflation showed an unexpected fall in June.

Surprise fall in UK inflation
Tue, 12 Jul, 2011 - 11:20

Pressure on the Bank of England to raise interest rates eased today as UK inflation showed an unexpected fall in June.

The Consumer Prices Index (CPI) fell to an annual rate of 4.2% in June, the Office of National Statistics (ONS) said, against consensus City forecasts of no change from May’s figure of 4.5%.

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