Consumer Price inflation has risen to 0.1 percent in July, up from 0 percent in June.

The Consumer Price Index has remained flat for the last coupe of months, having turned negative in April for the first time since 1960.

The Retail Prices Index measure of inflation was unchanged at 1 percent.

“The slight (annual) increase is mainly due to clothing, with smaller price reductions in this year’s summer sales compared with a year ago,” said ONS statistician Richard Campbell told Reuters.

An underlying measure of inflation, which strips out increases in energy, food, alcohol and tobacco, rose to 1.2 percent in July, up from from 0.8 percent in June.

The pound is surging on the news, up 0.55 percent on the US dollar and 0.56 percent on the euro.

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