The rate of UK Consumer Price Index inflation fell to 0% in June, from 0.1% in May, according to official figures released today.

A drop in clothing and food prices were the main contributors to the change, the Office for National Statistics said. However, low oil prices have also contributed to a consistently low rate of inflation over the past few months.

Bank of England governor Mark Carney has said he expects inflation to remain low in the short term. Usually, the rate of inflation is kept between 1% – 2%.

Previous articleChris Taylor grows Neptune Japan Opportunities Fund
Next articleIran reaches deal with six world powers