Despite a slight uptick, signs that inflation is trending down 15 August 2018 Responding to the latest ONS inflation figures today (Wednesday), showing that CPI inflation rose to 2.5 per cent in June, Stephen Clarke, Senior Economic Analyst at the Resolution Foundation, said: “Although inflation ticked up this month this was driven by changes in relatively erratic items, such as computer games and energy prices. “Strip away these volatile items and ‘core’ inflation is running at 1.9 per cent, unchanged since last month. With the prices of clothing falling and the price rises of other imported goods continuing to unwind, consumers may get a respite feeding into slightly lower inflation in the months ahead. This is welcome but it’s unlikely that inflation will fall far, and with wage growth still weak, improvements in living standards are likely to remain sluggish.”
