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News
Inflation rebounds
Inflation rebounded in June. The annual rate of inflation under the Retail Prices Index (RPI) — the inflation measure favoured by union negotiators — rose to 3.4% from 3.3% in May.
Inflation under the Consumer Prices Index Housing (CPIH), was unchanged at 2.3%, while under the Consumer Prices Index — the measure favoured by the Bank of England — it was unchanged at 2.4%.