US EditionUK inflation hits 3.4% in May, meeting expectations
- In May 2025, the UK’s annual inflation rate fell to 3.4%, according to figures released on June 18 by the national statistical authority.
- This decline followed a corrected April figure initially overstated at 3.5% due to vehicle tax data, while earlier bill increases pushed inflation higher.
- Rising food and non-alcoholic drink prices, which increased 4.4%, partially offset falling air fares and motor fuel costs, keeping inflation largely unchanged.
- The Shadow Chancellor, Mel Stride, highlighted concerns over inflation remaining significantly above the 2% target, describing it as troubling for households, while Richard Heys, the ONS acting chief economist, explained that opposing price changes kept inflation largely unchanged in May.
- The Bank of England is anticipated to keep interest rates unchanged at their current level of 4.25% on Thursday, while closely watching persistent inflation and considering the possibility of future rate reductions amid economic uncertainty.
70 Articles
70 Articles
Labour's inflation figures are 'worse than those being presented', Stride tells GB News
Shadow Chancellor Mel Stride has issued a stark warning about the UK economy, stating that inflation figures are "worse than presented" with the rate staying at 3.4 per cent from April to May.Speaking to GB News, Stride cautioned that the Government risks creating an economic "doom loop" if it implements tax rises in the autumn.FULL STORY HERE.
UK inflation eases by less than anticipated ahead of Bank of England rate decision
LONDON (AP) — Inflation in the U.K. dropped modestly in May as a drop in air fares and transport costs were largely offset by rising food prices, particularly chocolate, official figures showed Wednesday. The Office of National Statistics said consumer prices rose by 3.4% in the year to May, down from 3.5% the previous month. That means inflation remains substantially above the Bank of England’s target rate of 2%. The bank’s rate-setting Monetar…
Daily Journal
UK inflation dips less than expected in May
British inflation eased less than expected in May after surging in April, official data showed Wednesday, fuelling expectations that the Bank of England will hold interest rates steady this week.
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