Labour Research August 2001

News

Inflation remains at 2.4%

The underlying rate of inflation was unchanged last month at 2.4%, just below chancellor Gordon Brown's 2.5% target.

The headline rate of inflation - which includes mortgage interest payments - fell to 1.9% in June. Food prices continued to soar, up 5.6% from a year ago, the cost of pork, poultry and soft drinks rising sharply.