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The Guardian - UK

Business

Phillip Inman

UK inflation falls by more than expected to 2.6% in lift for Andy Burnham

Inflation United Kingdom Economy

A car at a Shell filling station in London — June’s CPI reading outdid economists’ forecasts of a slide from 2.8% in May to 2.7%, amid a fall in the prices of fuel, particularly diesel. Photograph: Amer Ghazzal/Shutterstock

UK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.

The new prime minister has pledged to bring down the cost of living to give households more disposable income and improve the outlook for the economy, announcing a winter VAT cut on electricity bills and lowering the cap on bus fares in England.

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