The consumer price index in the United Kingdom, which measures inflation, grew by 6.8% in the 12 months ending in July, compared to 7.9% in June, marking the lowest pace of growth since February 2022, according to figures issued by the UK Statistics Office (ONS) moments ago, while expectations were To a slowdown of 6.7%, while inflation rose on a monthly basis by 0.4% in July from 0.6%.
The main index excluding food and energy prices settled at 6.9%, unchanged from the June reading, while expectations were for a slowdown at 6.8%.
In the details of the index, the annual inflation rate for the prices of non-alcoholic food beverages grew by 14.9% in May, compared to 17.4% in June, while inflation in transportation prices decreased to 2.1%, compared to a decrease of 1.7% in June. The housing and household services price index slowed down by 5.4%. from 7.3%.