UK inflation holds steady at 2.8% in May

Orientul Mijlociu

U.K. inflation held at 2.8% in May, slightly below expectations, official figures showed on Wednesday. Economists polled by Reuters had been expecting the annual inflation rate to rise to 3% in May. Inflation cooled to 2.8% in April, but the drop — attributed to a change to the U.K.'s regulated energy price cap — was expected to be short-lived. The price cap is due to rise by 13% later this summer, when energy costs will hit a 2-year high. At its most recent meeting, the Bank of England's

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UK inflation holds steady at 2.8% in May https://www.cnbc.com - 09:23

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UK inflation holds steady at 2.8% in May https://www.cnbc.com - 09:23