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Chart of the day: Disinflation

CPI is now 2.4 per cent for June, down from 2.8 per cent in May and a third straight month of falling. RPI stands at 2.8 per cent, down from 3.1 per cent, and the lowest level since December 2009. For both measures, the largest downward pressures came from the clothing and footwear, food and fuel categories.

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.