UK's inflation rate rose to 0.6% in June as coronavirus lockdown began to ease
The UK's inflation rate rose to 0.6% in June as the coronavirus lockdown began to ease.Food and alcohol prices fell, but prices for clothing and games rose, the ONS said.Jonathan Athow, deputy national statistician for economic statistics at the ONS, said:"The inflation rate has increased for the first time this year, but remains low by historical standards.
Men's clothing in particular rose in price, with increases coming"across almost the full range", the ONS said. "It is possible that prices have been influenced by the coronavirus lockdown changing the timing of demand and the availability of some items, particularly consoles," the ONS added.It's one of the key measures of financial wellbeing because it affects what consumers can buy for their money. If there is inflation, money doesn't go as far.
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