UK inflation eases to 2% in May, hitting official target for first time since July 2021

Upbeat figures bolster Rishi Sunak’s election hopes as price pressures continue to easeBusiness live – latest updatesUK election live – latest updatesUK inflation fell to 2% in May, returning to the official target rate for the first time in nearly three years.In a boost to the Bank of England’s efforts to bring down the consumer prices index, the Office for National Statistics (ONS) said price pressures eased between April and May. Continue reading...

Jun 19, 2024 - 13:30
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UK inflation eases to 2% in May, hitting official target for first time since July 2021

Upbeat figures bolster Rishi Sunak’s election hopes as price pressures continue to ease

UK inflation fell to 2% in May, returning to the official target rate for the first time in nearly three years.

In a boost to the Bank of England’s efforts to bring down the consumer prices index, the Office for National Statistics (ONS) said price pressures eased between April and May. Continue reading...

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