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UK's Annual Inflation Eases to 2.6% in June

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Britain's annual inflation rate fell to 2.6% in June from 2.8% in May, according to data from the Office for National Statistics published Wednesday.

Analysts expected a 2.7% rate for the month.

On a monthly basis, consumer prices were 0.1% higher, as expected, and compared with the 0.2% gain earlier.

Meanwhile, the UK's annual core inflation rate was 2.6%, unchanged from the previous month and against the expected 2.5%. Month over month, core consumer prices gained 0.3%, similar to the reading in May.

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