UK inflation remained static at 2% last month, as the Office for National Statistics (ONS) revealed a raft of downward contributors to the consumer prices index (CPI).
The ONS said motor fuels, accommodation services and electricity, gas and other fuels saw average prices shrink, but these were offset by price rises in clothing and food between May and June.
Meanwhile, the CPI including owner occupiers' housing costs (CPIH) 12-month inflation rate was 1.9% in June 2019, also unchanged from the previous month.
Phil Smeaton, chief investment officer at Sanlam UK, said economic growth slowing should alleviate inflationary pressures in the short term but he added that central bank reactions - looking to prematurely ease policy, combined with ongoing deficit spending would see inflation pressure remain over the longer term as he warned that stagflation was increasingly likely.
He said: "Sterling weakness and solid wage growth mean that [Bank of England governor] Mark Carney will be keeping a watchful eye on the data, but there is a pragmatic reluctance to apply the brakes while the UK's political situation is so uncertain, and he may be called to made a tough decision on rates sooner than he had hoped."
Elsewhere, Rupert Thompson, head of research at wealth firm Kingswood, said the latest inflation statistics would cause concerns at the BoE with regards to future inflationary pressure.
Thompson said: "UK inflation in June was bang in line with the Bank of England's 2% target for the second month running while underlying inflation continued to run at a slightly lower 1.8%.
"News earlier this week that wage growth has picked up to an 11-year high, along with the latest slide in the pound, will have increased the BoE's worries of a pick-up in inflation down the road."
But he said with inflation on target and higher likelihood of a 'no deal' Brexit, an interest rate cut looks a greater possibility than a rise any time soon.