logo
UK clothing-footwear CPI up 0.5% YoY in Jun 2025: ONS

UK clothing-footwear CPI up 0.5% YoY in Jun 2025: ONS

Fibre2Fashion17-07-2025
Pic: Sorbis / Shutterstock.com
The UK consumer prices index (CPI) rose by 3.6 per cent year on year (YoY) in June this year—up from 3.4 per cent YoY in May. It rose by 0.3 per cent month on month (MoM) in the month compared with a rise of 0.1 per cent MoM in June 2024, according to the Office of National Statistics (ONS).
The rate was above the first (or flash) estimate of inflation for France (0.8 per cent) and Germany (2 per cent) in June 2025.
The UK CPI rose by 3.6 per cent YoY in June this yearâ€'up from 3.4 per cent YoY in May. It rose by 0.3 per cent month on month (MoM) in the month compared with a rise of 0.1 per cent MoM in June 2024. The CPI for clothing and footwear increased by 0.5 per cent YoY and decreased by 0.4 per cent MoM in June. Core CPI rose by 3.7 per cent YoY in Juneâ€'up from a 3.5-per cent YoY rise in May.
The CPI for clothing and footwear increased by 0.5 per cent YoY and decreased by 0.4 per cent MoM in June this year.
Transport, particularly motor fuels, made the largest upward contribution to the monthly change in the UK CPI annual rate, an ONS release said.
Core CPI (excluding energy, food, alcohol, and tobacco) rose by 3.7 per cent YoY in June 2025—up from a 3.5-per cent YoY increase in May. The CPI goods annual rate rose from 2 per cent YoY in May this year to 2.4 per cent in June.
Fibre2Fashion News Desk (DS)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Turkiye CPI up 2.06% in July; clothing prices drop sharply
Turkiye CPI up 2.06% in July; clothing prices drop sharply

Fibre2Fashion

timean hour ago

  • Fibre2Fashion

Turkiye CPI up 2.06% in July; clothing prices drop sharply

Turkiye's consumer inflation rose by 2.06 per cent in July 2025 compared to the previous month, bringing the annual consumer price index (CPI) increase to 33.52 per cent, according to the Turkish Statistical Institute (Turkstat) . The 12-month moving average rose by 41.13 per cent, and the cumulative increase since December stood at 19.08 per cent. Clothing and footwear prices rose by 10.67 per cent year-on-year in July 2025, contributing 0.59 percentage points to the annual CPI increase. Turkiye's CPI rose 2.06 per cent in July 2025, with annual inflation hitting 33.52 per cent. Clothing and footwear prices increased 10.67 per cent year-on-year but fell 5.82 per cent monthly, subtracting 0.36 points from CPIâ€'marking the only major negative contributor. Core inflation (B index) rose 1.82 per cent monthly and 33.77 per cent annually. However, the group saw a sharp monthly decline of 5.82 per cent, subtracting 0.36 percentage points from the overall index — making it the only major expenditure group to post a significantly negative contribution in July, Turkstat said in a release. Core inflation, measured by the CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold (known as the B index), rose by 1.82 per cent monthly and 33.77 per cent annually. Fibre2Fashion News Desk (HU)

MoSPI proposes new base years for IIP, GDP & CPI
MoSPI proposes new base years for IIP, GDP & CPI

Economic Times

time2 hours ago

  • Economic Times

MoSPI proposes new base years for IIP, GDP & CPI

Synopsis The government plans to update the base years for key economic indicators. The Index of Industrial Production (IIP) and Gross Domestic Product (GDP) will shift to a 2022-23 base year, while the Consumer Price Index (CPI) will be rebased to 2024. Agencies Image for representation The government has proposed 2022-23 as the new base year for the Index of Industrial Production (IIP) and Gross Domestic Product (GDP), and 2024 for the Consumer Price Index (CPI), Parliament was informed on the base year for both IIP and GDP is 2011-12, while it is 2012 for CPI. The new CPI will draw weight of items from the Household Consumption Expenditure Survey 2023-24."The Ministry is underway to revise the base year of GDP, IIP, and CPI," MoS for Statistics and Programme Implementation Rao Inderjit Singh informed Lok Sabha. "The base year is revised periodically to better capture the structural changes happening in the economy by updating the methodology of compilation and incorporation of new data sources, he CPI, which tracks monthly retail prices of goods and services across 1,181 rural and 1,114 urban markets, will expand its coverage to 2,900 markets, ET reported new series will also include e-commerce price trends and online streaming services revised GDP series will source data from Goods and Service Tax (GST), Public Finance Management System, and Vahan portal. It will also include Unified Payments Interface (UPI) transaction data, ET reported in December 2024.

RBI keeps rates on hold, cuts inflation estimate for FY26
RBI keeps rates on hold, cuts inflation estimate for FY26

Time of India

time2 hours ago

  • Time of India

RBI keeps rates on hold, cuts inflation estimate for FY26

MUMBAI: The six-member Monetary Policy Committee (MPC) at its 56th meeting voted unanimously to keep the policy repo rate unchanged at 5.5% and retained its neutral stance even as it maintained growth forecast for FY26 at 6.5% and lowered inflation projection to 3.1% from its earlier estimate of 3.7%. RBI governor Sanjay Malhotra said the decision was based on "the current macroeconomic conditions, outlook and uncertainties" which called for "waiting for further transmission of the front-loaded rate cut to the credit markets and to the broader economy". Following the decision, the repo rate continues to remain at 5.5% standing deposit facility rate at 5.25%, and the marginal standing facility rate and bank rate at 5.75%. RBI has so far cut the repo rate by 100 basis points in 2025. The RBI noted that the decision came against a backdrop of favourable monsoon season, resilient domestic growth, and some easing in geopolitical uncertainties, although "global trade challenges continue to linger" and "policymakers will have a tough task navigating modest growth, sticky inflation and elevated public debt levels". "The headwinds emanating from prolonged geopolitical tensions, persisting global uncertainties, and volatility in global financial markets pose risks to the growth outlook," the Monetary Policy Committee's formal resolution said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover Options For Affordable Back Pain Treatments Back Pain Treatment | Search Ads Undo On inflation, Malhotra said the outlook for FY26 was "more benign than expected in June," with the forecast now at 3.1% compared with the earlier 3.7%, aided by "large favourable base effects... healthy Kharif sowing... and comfortable buffer stocks". The revised quarterly CPI projections are: Q2 at 2.1%, Q3 at 3.1% and Q4 at 4.4%, with Q1 FY27 seen at 4.9%. The forecast for real GDP growth in FY26 has been retained at 6.5%, with quarterly projections unchanged at Q1 at 6.5%, Q2 at 6.7%, Q3 at 6.6% and Q4 at 6.3%. Malhotra said growth was "holding up and... broadly evolving along the lines of our assessment" supported by govt capex, steady monsoon, and services sector resilience. On monetary transmission, he noted that the "impact of the 100 basis points rate cut since Feb 2025. .. is still unfolding," with the weighted average lending rate on fresh rupee loans down 71 bps and deposit rates on fresh deposits down 87 bps. "Transmission to lending rates has been broad based across all sectors," he added. Stay informed with the latest business news, updates on bank holidays and public holidays .

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store