Responding to the latest CPI
inflation figures, which show headline
inflation remaining at 2.0% and food inflation falling 0.2
percentage points to 1.5%, Kris Hamer, Director of Insight of the
British Retail Consortium, said:
“While headline inflation remained at 2.0%, households will
benefit from falling inflation rates in retail, with Food and
Clothing & Footwear both dropping compared to last month.
Falling energy prices and a stronger pound combined with fierce
competition between retailers are helping to bring down prices
for many goods, including essential items like pasta and
margarine. A drop in prices could also be seen across Clothing
and Footwear, with prices falling 1.2% on the previous month, and
even more for children's clothes.
"While we should celebrate the end of high inflation, which has
dogged the UK for two years, many of the factors that caused it
lurk in the background. Energy prices have fallen from peak, but
the UK's reliance on imported energy remains a vulnerability.
Similarly, the impact of climate change on harvests at home and
abroad, as well as rising geopolitical tensions, could increase
commodity prices and translate into higher inflation in the
future."
-ENDS-
Notes:
-
ONS Consumer Price Index figures
|
Year on Year changes
|
May-24
|
Jun-24
|
|
CPI (overall index)
|
2.0%
|
2.0%
|
|
01 Food and non-alcoholic beverages
|
1.7%
|
1.5%
|
|
02 Alcoholic beverages and tobacco
|
7.8%
|
7.3%
|
|
03 Clothing and footwear
|
3.0%
|
1.6%
|
|
04 Housing, water, electricity, gas and
other fuels
|
-4.8%
|
-4.7%
|
|
05 Furniture, household equipment and
maintenance
|
-1.9%
|
-1.6%
|
|
06 Health
|
6.2%
|
6.3%
|
|
07 Transport
|
0.5%
|
0.9%
|
|
08 Communication
|
4.1%
|
2.9%
|
|
09 Recreation and culture
|
3.9%
|
3.9%
|
|
10 Education
|
4.5%
|
4.5%
|
|
11 Restaurants and hotels
|
5.8%
|
6.2%
|
|
12 Miscellaneous goods and services
|
3.1%
|
2.9%
|
