UK CPI accelerates by a mere 0.1%

The consumer price index (CPI), a leading indicator of inflation grew by 0.1% in July. The other key points are:

• A smaller fall in clothing prices on the month compared with a year ago was the main contributor to the rise in inflation.
• Falling prices for food and non-alcoholic beverages partially offset the rise.
• CPIH (not a National Statistic) grew by 0.4% in the year to July 2015, up from 0.3% in June 2015.

The full report can be viewed here.