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Britain's CPI rises 0.1 pct in July

Xinhua, August 18, 2015 Adjust font size:

Britain's Consumer Price Index (CPI) rose by 0.1 percent in the year to July 2015, up from zero percent growth in the year to June 2015, announced the Office for National Statistics (ONS) Tuesday.

The latest inflation data is slightly higher than the market estimation consensus, which was zero percent growth, in July.

A smaller drop in clothing prices on the month compared with a year ago was the main contributor to the rise in inflation, said ONS.

However, falling prices of food and non-alcoholic beverages partially offset the rise, noted ONS.

Data showed that food prices went down by 2.7 percent and prices of motor fuels decreased by 11.4 percent in July. The two groups in total reduced the 12-month CPI rate by approximately 0.7 percentage points.

The core annual inflation rate, which excludes alcohol, tobacco, food and energy prices, rose 1.2 percent year-on-year, compared with a 0.8-percent growth a month earlier, data showed.

Compared to the previous month, however, British CPI decreased by 0.2 percent. CPIH, an inflation gauge which includes consumer prices and housing costs, increased 0.4 percent in the 12 months to July 2015, up from 0.3 percent in June 2015, data also showed. Endit