UK inflation slowed to 3.2% in June down from 3.4% in May, its second monthly fall. However, the Office for National Statistics (ONS) said that the year-on-year rise in the Consumer Prices Index (CPI) was still above the Bank of England's 2% target. During the second quarter, headline CPI averaged 3.5%, above the 3.3% predicted by the central bank in its May Inflation Report, added the ONS. The Retail Prices Index (RPI) inflation measure also fell to 5%, from 5.1% May. Ross Walker, UK economist at RBS, said: "The obvious surprise was the rise in the core rate, which serves to underline this theme of price stickiness. Clearly it's not falling as much as we'd hoped and it's not making the BoE's job any easier."