British inflation rate climbs to 0.5%

Britain's 12-month Consumer Price Index rose by 0.5 percent in June, the Office for National Statistics said in a statementBritain’s annual inflation rate rose last month from May, official data showed Tuesday, and faces further gains as a weak pound caused by the Brexit vote raises import prices. The 12-month Consumer Price Index rose by 0.5 percent in June, the Office for National Statistics said in a statement. CPI had risen by 0.3 percent in the year to May, the ONS added.

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