UK inflation unexpectedly stays at 2.8% with higher transport costs offset by slower food price rises
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
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 as higher transport and fuel costs were offset by slower food price rises, official figures have shown. May’s annual price rise reading recorded by the Office for Statistics came despite the feared impact of the Middle East conflict on energy prices and confounded economists’ forecasts of a rise to 3%. Continue reading...
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