Consumer price inflation in Britain slowed to 3.2 percent in June from 3.4 percent in May due to lower prices for car fuel, clothing and shoes, official statisticians said Tuesday.
Despite the further improvement from a 17-month peak of 3.7 percent in April, the benchmark rate remained stubbornly above the Bank of England's target of 2 percent, raising uncertainty about how long it can avoid a rate hike.
The Office for National Statistics said the retail prices index _ a separate measure widely used in wage negotiations _ fell to a 5 percent annual rate in June, from 5.1 percent in May.
Excluding mortgage interest payments, the retail prices …
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