17/06/2026
Inflation (Consumer Prices Index) was 2.8% in May 2026, unchanged from April 2026.
Inflation is the rate at which the prices of goods and services bought by households go up or down.
Commenting on today’s inflation figures for May 2026, ONS Chief Economist Grant Fitzner said
“After last month’s slowdown, inflation held steady in May as various price movements offset each other.
“The main upward movement came from transport with airfares, vehicle taxes and petrol prices all pushing up inflation.
“These were offset by lower food prices, with decreases in inflation seen across a range of meat, dairy and vegetable items compared to last month, as well as the cost of domestic heating oil, which fell back after climbing in recent months.
“The annual cost of raw materials continued to increase, led by rises in the cost of chemicals, while the increase in the costs of goods leaving factories slowed, partly due to a drop in the cost of domestically produced cars.”
Read the full article ️➡️ https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/may2026
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