UK Core Inflation Rate YoY (Jun) Y/Y 2.6% vs. Exp. 2.5% (Prev. 2.6%)

ONS: A fall in motor fuel prices, particularly diesel, helped ease inflation in June. Food prices fell this month, driven by products including chocolate, margarine and beef. Clothing prices also fell with the start of summer sales, with bigger discounts than last year. The cost of raw materials dipped for the first time since January, mainly due to the lower price of crude oil, while the increase in the costs of goods leaving factories slowed again.