UK Inflation Holds at 2.8 Percent in May 2026: What It Means for Energy Bills Food Prices and Mortgages
UK CPI inflation held at 2.8 percent in the year to May 2026, unchanged from April and below the 3 percent many economists expected. Food price rises slowed to a 17-month low while transport costs rose at the fastest rate. The OECD projects UK CPI reaching 4 percent in 2026.