
UK Inflation Holds Steady at 2.8% in May
UK inflation unexpectedly remained at 2.8% in May, despite the conflict in Iran contributing to rising fuel prices.
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UK inflation unexpectedly held steady at 2.8% in May
Figure will ease BoE fears of a lasting impact from the Iran war
Read full article →UK inflation stays steady at 2.8% despite Iran conflict driving up fuel prices
Flatlining figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest rates UK inflation unexpectedly remained at 2.8% last month despite the Middle East war driving up energy prices, official figures have shown. May’s annual price rise reading recorded by the Office for National Statistics confounded economists’ forecasts of a rise to 3%. Continue reading...
By Heather Stewart Economics editor
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