Inflation unexpectedly steady as food price rises slow
UK inflation held steady at 2.8% in May as falling food prices offset rising transport costs. While analysts expected a higher rate, the easing of food inflation provided a buffer against broader economic pressures.
Why it matters
Stable inflation figures are critical for central bank policy and household cost-of-living assessments in the UK.
Share Save Add as preferred on Google Emer Moreau Business reporter Getty Images Inflation remained at 2.8% in the year to May as the pace of food price rises slowed to a 17-month low, according to new figures.
The article relies on official ONS data and expert commentary to explain economic trends.
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