By Marcus Leach

Data relating to the Consumer Prices Index (CPI) has shown that UK inflation fell unexpectedly in June.

It had been expected that the figure would remain steady at 4.5%, however it has fallen to 4.2%.

Further to that the Retail Prices Index (RPI), a measure that factors in mortgage interest payments, fell by 0.2% to 5% according to the Office for National Statistics.

Despite the fall the CPI figure was above the Bank of England's target rate, meaning it has been so for thirty-five of the last forty-one months.

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