United Kingdom: Inflation stabilizes in May
June 17, 2016
In May, consumer prices increased 0.2% over the previous month, which was slightly above the 0.1% increase seen in April. The figure reflected higher prices for transport costs, restaurant bills and the price of telecommunication services.
Inflation was 0.3% in May, which matched the previous month’s inflation. The figure was down from the 0.4% expected by the markets. Finally, annual average inflation inched up from 0.1% in April to 0.2% in May, thus hitting the highest reading in eight months.
Author: Dirina Mançellari, Senior Economist