Computer games and clothes lift UK inflation to 0.6% - business live

Rolling coverage of the latest economic and financial newsIntroduction: UK consumer prices rose in JuneFirst increase in inflation since pandemic beganCoronavirus – latest updatesSee all our coronavirus coverage 7.41am BST Vegetables became a little cheaper last month. Deliciously, that includes expensive crisps - meaning gamers can offset rising console prices by tucking in.The effect comprised small movements from a variety of product groups, with the largest (of 0.03 percentage points) coming from vegetables. The largest individual downward contribution in this category came from premium potato crisps, reversing the upward contribution observed between April and May.Inflation up slightly in June - CPI rose from 0.5% to 0.6% Notable mentions by @ONS Rising cost of computer games Falling cost of potato crispsWhat does that tell us about life in lockdown! #economy #inflation 7.36am BST Jonathan Athow, deputy national statistician at the ONS, explains why UK inflation inched up last month:The inflation rate has increased for the first time this year, but remains low by historical standards“Due to the impact of the coronavirus, clothing prices have not followed the usual seasonal pattern this year, with the normal falls due to the start of the summer sales failing to materialise. Continue reading... https://www.theguardian.com/business/live/2020/jul/15/uk-inflation-computer-games-clothing-stock-markets-ftse-business-live #business #inflation #economics #coronavirus_outbreak #stock_markets #ftse