(Alliance News) - The UK consumer price inflation remained at the Bank of England's target after nearly three years of loftier readings, numbers on Wednesday showed.
According to the Office for National Statistics, the rate of yearly consumer price growth was unchanged at 2.0% in June. The same rate was registered in May, fading from 2.3% in April. The reading was in-line with the FXStreet-cited consensus.
On a monthly basis, consumer prices grew 0.1% in June, compared to 0.3% in May. This reading was also in line with FXStreet-cited consensus.
The yearly core inflation rate, which strips out energy, food, alcohol and tobacco, was unchanged from 3.5% in May, as expected.
Meanwhile, separate data showed UK producer prices declined at a slower pace on-year last month than they did in May.
Producer input prices declined 0.4% annually in June, the decline easing from a revised fall of 0.7% in May.
On a monthly basis, producer input prices declined 0.8% in June, following a revised fall of 0.6% in May.
By Holly Beveridge, Alliance News senior reporter
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