Monday, 22 July 2019 09:06 GMT
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UK drops to 2.0 percent in consumer price index




(MENAFN) Office for National Statistics (ONS) revealed a decline in the British Consumer Prices Index (CPI) during the fifth month of the year, reaching 2.0 percent compared to April's 2.1 percent.

This drop, the ONS explained, is mainly attributed to declines slapped on fares of transport services as well as decreases on prices of vehicles.

Head of inflation in ONS Mike Hardie stated: "inflation eased in May, as travel prices such as air fares fell back after their Easter highs in April."

Hardie further added that "the overall rate of inflation has remained steady since the beginning of the year."

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UK drops to 2.0 percent in consumer price index

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