Annual CPI inflation in the UK hit the Bank of England's target level of 2.0 pct in June for the first time since May 1998, official figures showed today. Analysts had expected the annual rise to remain unchanged at 1.9 pct. The central bank is charged with targeting an annual CPI rate of 2.0 pct over a two-year horizon. Today's figures are unlikely to cause undue concern on the rate-setting Monetary Policy Committee, however, given that its quarterly economic projections in May factored in a spike above target in the short-term. The office of National Statistics said a large upward effect on the annual CPI rate came from food, especially fruit, and from clothing and footwear, with prices falling by less than last year when special offers were more widespread. Smaller upward effects came from furniture and household goods, while the largest downward effect came from recreation and culture, particularly audio-visual goods. On a month-on-month basis, the statistics office said CPI was unchanged from May, the lowest monthly rate since January and in line with analysts' forecasts. The wider RPI measure of inflation rose by 2.9 pct in June from a year earlier, unchanged from last month and slightly above analysts' forecasts for a dip to 2.8 pct.