MADRID, 19 Jul. (EUROPA PRESS) -

The year-on-year inflation rate in the United Kingdom stood at 7.9% last June, compared to the 8.7% rise in prices in May, which represents the lowest level of inflation since March of 2022, as reported this Wednesday by the British National Statistics Office (ONS, for its acronym in English).

In the sixth month of 2023, the year-on-year increase in the price of food and non-alcoholic beverages was 17.3%, compared to the 18.3% increase in the previous month.

Thus, the underlying CPI, which excludes the volatility of energy, food, alcohol and tobacco prices, moderated in June to 6.9%, two tenths less than in May, when it had reached its highest level since March 1992.

In monthly terms, prices recorded an increase of 0.1% in the sixth month of the year, compared to the rise of 0.8% in May.