Britain's annual consumer price inflation slowed to 2.6% in June from 2.8% in May, offering fresh signs that price pressures are easing after a recent surge in energy costs, according to official data released on Wednesday.
According to Reuters, economists had expected inflation to ease to 2.7% in June. The softer-than-expected reading came as energy prices moderated following a ceasefire that reduced the impact of the Iran conflict on global energy markets.