Tue, 16 Jul 2013 10:29:14 GMT
U.K. inflation rate rises to 14-month high of 2.9% in June
The yearly rate of Consumer Price Index rose from 2.7% in May to 2.9% in June, less than expected, mainly on the higher prices of clothing, motor fuels and footwear. On a monthly basis, the CPI rate declined 0.2%, while the annual core CPI measure rose 2.3%, overshooting expectations. The Bank of England awaits the inflation rate to continue adding