Inflation falls for first time since referendum
The rate of inflation has fallen for the first time in more than a year, new figures have shown.
The Consumer Prices Index (CPI) rate was 2.6% in June, down from 2.9% in May.
Economists had been forecasting the rate to stay at 2.9% or drop by one-tenth of a percentage point.
Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate. These downward contributions were partially offset by rising prices for furniture and furnishings.
It is the first fall in the rate since April 2016.
