Inflation Holds Steady At 28 As Food Price Rises Ease
UK inflation unexpectedly flatlined last month as a slowdown in food price rises offset pressure from airfares, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation was recorded at 2.8% in May, the same rate as in April. It was lower than expected by economists, who had predicted an uptick in inflation to 3%. It means the price of goods and services is still increasing, but at the […]
