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52· Steady
Economics9d 0h ago
British inflation unexpectedly held at 2.8% for May, unchanged from the 13-month low reached in April, official figures showed on Wednesday.
LONDON, UK
Who
official figures, MarketScreener, David Milliken, Suban Abdulla, Alison Williams, Reuters, Office for National Statistics, Yael Selfin, KPMG, Andrew Bailey
What
British inflation unexpectedly held at 2.8% for May, unchanged from the 13-month low reached in April, official figures showed on Wednesday.
When
Wed, 17 Jun 2026 07:20:20 GMT · 9d 0h ago
Where
LONDON, UK ·
Why
Lower prices for meat, vegetables, dairy products, and domestic heating oil helped offset a jump in airfares and petrol, while an interim agreement between the U.S. and Iran promising to reopen the Strait of Hormuz provided market comfort.
The Frontline Impact
How this affects you
The unexpected steadiness of British inflation at 2.8% for May, below economists' forecasts of a rise to 3.0%, prompted investors to slightly trim expectations for a rate rise this year from the Bank of England, suggesting a potential hold on interest rates.
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