US EditionUK inflation rises higher than forecast as food prices rocket for consumers
- The Office for National Statistics reported that UK Consumer Prices Index inflation fell slightly from 3.5% in April to 3.4% in May 2025.
- An error discovered in the vehicle tax data indicates that April’s CPI rate was actually 3.4%, although the official figure was left unchanged, while economists had anticipated May’s rate to be 3.3%.
- Rising food and non-alcoholic drink prices increased by 4.4% over the year to May, offsetting a 5% fall in air fares and drops in transport costs affected by Easter timing.
- Shadow Chancellor Sir Mel Stride expressed concern that inflation is still significantly higher than the government’s 2% target, which is troubling for many households, while Chancellor Rachel Reeves acknowledged that further efforts are needed to lower inflation.
- Rising food prices, persistent inflation, and Middle East tensions causing oil price spikes suggest inflation may remain elevated this year, affecting mortgage rates and living costs despite a slight May decline.
23 Articles
23 Articles
UK Inflation Higher Than Forecast in May Amid Rising Food Prices
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 percent in May from 3.5 percent in April, the Office for National Statistics (ONS) said. However, the ONS said that an error in vehicle tax data collected meant April’s CPI rate should have been 3.4 percent, but that it was not revising the offi…
Dorset Echo
UK inflation rises higher than forecast as food prices rocket for consumers
People are feeling poorer as UK inflation rises, following a food prices hike for consumers
Food prices change while you shop, here’s what to do
If you think food prices are high now, just wait. Grocery stores across the country are installing electronic shelf labels (ESLs), ditching those humble paper price tags for sleek little digital screens. Sounds like a snazzy tech upgrade, right? Just wait until your eggs get a price hike while you’re still pushing your cart toward the meat section. 🧂 Price jump in Aisle 5 Walmart, Whole Foods and regional chains like Schnucks in the Midwest …
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