US EditionUK inflation hits 3.4% in May, meeting expectations
- The UK's annual inflation rate fell to 3.4% in May 2025, matching market expectations and marking a slight decrease from April's figure.
- This decline followed recent miscalculations in April's CPI due to vehicle tax data and was influenced by offsetting price changes across sectors.
- Rising food and non-alcoholic drink prices increased by 4.4%, the highest rate in over a year, while air fares and motor fuel costs fell this month.
- According to Richard Heys, the ONS's interim chief economist, inflation remained largely steady in May due to a mix of price increases and decreases in different sectors.
- The Bank of England will announce rates on June 19 amid expectations to keep cash rates steady, though oil price rises linked to Middle East tensions could push inflation higher later.
63 Articles
63 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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