June drop in UK inflation expected but heat still on Bank of England

City economists predict annual rate will fall from 8.7% recorded in April and May but will still be higher than in eurozone

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The UK's inflation rate is expected to drop this week but is likely to remain four times over the Bank of England's official target of 2%.

City economists predict that June's consumer prices index, due on Wednesday, will fall to about 8.2% in the 12 months to June, down from the 8.7% recorded in April and May.