British RPIX falls to 2.9% in May By Steve Goldstein
The British retail price index excluding mortgage interest payments (RPIX) fell to 2.9 percent in May from 3 percent, an unexpected drop. The harmonized index of consumer prices (HICP), which the government plans on adopting to track inflation, also saw a drop, from 1.5 percent to 1.2 percent. The Office of National Statistics said a drop in crude oil prices, the decrease in costs of foreign holidays and a fall in entertainment and recreation contributed to the decline.
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