UK inflation stays steady at 2.8% despite Iran conflict driving up fuel prices

British Inflation Holds at 13-Month Low Ahead of Bank of England Interest Rates Decision

British inflation held at 2.8 percent for May, unchanged from the 13-month low in April, official figures showed on June 17. The unexpected hold comes a day before the Bank of England is set to announce its next interest rate decision, having earlier kept interest rates on hold on April 30, waiting to see the economic impact of the war in Iran. The British pound weakened a little against the U.S. dollar following the release of the data, and inv…

UK inflation holds steady despite Iran war disruption hitting fuel costs

UK inflation unexpectedly flatlined last month as a slowdown in food price rises offset pressure from airfares, according to official figures.

UK’s inflation holds steady in May amid Mideast conflict

UK’s consumer prices index matched April’s reading of 2.8%, according to the Office for National Statistics. (EPA Images pic) LONDON: Britain’s annual inflation rate was unchanged at 2.8% in May as higher petrol prices caused by the US-Iran war were offset by lower food costs, official data showed Wednesday. The consumer prices index level matched April’s reading, the Office for National Statistics (ONS) said, while an analysts’ consensus foreca…

Inflation flatlines - what this means for your money from energy bills to wages

Inflation may have stuck at 2.8% in May but the fall-out from the Middle East war means the cost of living squeeze could still get worse as the year goes on