US EditionUK inflation hits 3.4% in May, meeting expectations
- The Office for National Statistics reported UK inflation at 3.4% in May 2025, matching analyst expectations.
- This followed a slight decrease from 3.5% in April after a tax data adjustment corrected the earlier figure.
- Increases in food and non-alcoholic beverage prices balanced out reductions in airline ticket and fuel expenses, while the rate of inflation for services slowed to 4.7%.
- Shadow chancellor Sir Mel Stride expressed concern that inflation continues to exceed the government's 2% goal, describing the situation as highly troubling for households.
- The Bank of England, due to announce rates on Thursday, faces pressure as inflation is high but core CPI moved lower, with rate cuts expected in August.
58 Articles
58 Articles
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.
perspectivemedia.com
UK inflation higher than forecast in May amid rising food prices
The rate of Consumer Prices Index inflation fell to 3.4% in May from 3.5% in April, the Office for National Statistics (ONS) said. UK inflation was higher than expected in May as rising food prices offset a drop in air fares and transport costs, new official figures show. The rate of Consumer Prices Index (CPI) inflation fell to 3.4% in May from 3.5% in April, the Office for National Statistics (ONS) said. However, the ONS said that an error in …
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