NEWEconomy

Inflation Holds Steady at 2.8%, Food Prices Slow to 17-Month Low

Published on 6/17/2026

#ONS#inflation#BankOfEngland#interestRates
Inflation Holds Steady at 2.8%, Food Prices Slow to 17-Month Low

AI Summary

Inflation in the UK remained unchanged at 2.8% for the year ending May, despite expectations of an increase to 3%. The Office for National Statistics (ONS) reported that transport costs rose the most, by 6.8%, the highest since December 2022, while food inflation decreased from 3% in April to 2.2%. Analysts suggested that the recent US-Iran peace deal could lead to slower inflation increases in the future. The upcoming interest rate decision from the Bank of England is expected to maintain the current rate at 3.75%.

Source: Read original article (opens in new tab)

Related News

Riksbank Holds Interest Rates at 1.75%, Cuts Inflation Outlook
Central Banks

Riksbank Holds Interest Rates at 1.75%, Cuts Inflation Outlook

Jun 17

Japan's First-Ever Consumption Tax Cut Proposal Impact on Markets
Economy

Japan's First-Ever Consumption Tax Cut Proposal Impact on Markets

Jun 17

UK Inflation Steady at 2.8% in May, Below 3% Expectations
Economy

UK Inflation Steady at 2.8% in May, Below 3% Expectations

Jun 17

Fertility Rate Hits Record Low Amid Economic Challenges
Economy

Fertility Rate Hits Record Low Amid Economic Challenges

Jun 17