UK inflation rate rises 0.5% in June after post-Brexit sterling slide

According to the Office for National Statistics, the Consumer Prices Index (CPI) rose by 0.5% in the year to June, a little above the position seen for most of this year, although still relatively low historically. Rises in airfares, the price of fuel and a variety of recreational and cultural goods and services were the main positive contributors to the increase. These were partially offset by falls in the price of furniture and furnishings and accommodation services. CPIH, the measure which includes owner occupiers' housing costs, rose by 0.8% in the year to June, up from 0.7% in...