Core inflation in the UK is falling faster that expected.
Calculations released on Monday by the Office for National Statistics showed that core inflation fell to 6.8% in July, from 6.9% in June and a peak of 7.3% in May.
Last week’s official inflation data showed core inflation stuck at June’s level of 6.9%. It had previously fallen from 7.1% in May.
The new figure was arrived at after the ONS reassessed data, looking at the common elements of inflation that existed across all the prices it measured.
