Despite the turmoil caused byu COVID-19 and the subsequent quarantine measures, the core inflation has barely changed in year to year comparison. It remains unknown where are the money the government pumped in the economy. At least they hadn’t found a way to the pockets, the data confirms.
Inflation in Britain rose slightly in June to 0.6 percent year-on-year. Rising prices for clothing and online entrtainment drove average price levels, while cheaper foods depressed the inflation. It’s the date reported by the United Kingdom National Statistical Office.
In May, inflation was still 0.5 percent year on year, which was the lowest level since 2016. Economists generally expected inflation to fall to 0.4 percent in June. Due to the corona pandemic, there was also a large group of goods or services that were not available to British consumers, the statistics agency reports. They were not included in the data, instead the bureau used the last known prices.