Shop sale sign
Media playback is unsupported on your device

UK inflation rate falls to 2.4% in June

Prices in the UK are rising at their slowest rate since the end of 2009, official figures have shown.

The annual inflation rate as measured by the Consumer Prices Index fell to 2.4% in June, from 2.8% in May, the Office for National Statistics said.

The rate of inflation, which indicates how fast prices are rising compared with a year earlier, is slowing due to lower food, fuel and clothing prices.

The Retail Prices Index, which includes housing costs, fell to 2.8% from 3.1%.

Stephanie Flanders reports.

  • 17 Jul 2012
Go to next video: UK inflation rate falls to 2.8%