U.K. Inflation Slows to Zero as Core Rate Unexpectedly Falls

Britain’s inflation rate fell back to zero in June, led by prices for food and clothing, while the core measure dropped to match a 14-year low.

The stagnation in headline prices follows a 0.1 percent increase in May and was in line with the median estimate in a Bloomberg survey of economists. The core rate fell to 0.8 percent from 0.9 percent, the same as April, which was the lowest since March 2001.