Source: Office for National Statistics.
The consumer prices index in the UK economy including the owner occupiers’ housing costs (CPIH) for the 12 months up to to June 2021 increased by 2.4% from 2.1% in 12 months leading to May. FTSE 250 Index dips 0.64%
- Transport accounted for the largest upward increase to CPIH expanding by 0.80%.
- Monthly CPIH increased by 0.4% in June compared to an increase of 0.1% in the same period in 2020.
- The prices for clothing and footwear, food, second-hand cars, and motor fuel increased in 2021, resulting in the largest upward change in the 12-month CPIH inflation rate between May and June 2021.
- Games, toys, and hobbies offset the price increases from other products and services with the prices falling in 2021.