Inflation falls for first time since referendum

The rate of inflation has fallen for the first time in more than a year, new figures have shown. The Consumer Prices Index (CPI) rate was 2.6% in June, down from 2.9% in May. Economists had been forecasting the rate to stay at 2.9% or drop by one-tenth of a percentage point. Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate. These downward contributions were partially offset by rising prices for furniture and furnishings. It is the fir... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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