United Kingdom: May inflation hits over-four-year low
June 17, 2014
In May, consumer prices fell 0.1% over the previous month, which contrasted the 0.4% increase recorded in April. The figure contrasted market expectations of a 0.2% increase. May’s result reflected that lower prices for food and non-alcoholic beverages and for transports, more than offset the increase in prices for recreation and culture and for alcohol and tobacco.
Annual inflation dropped from 1.8% in April to 1.5% in May, marking the lowest level since September 2009. Annual average inflation also inched down, decreasing from 2.2% in April to 2.1% in May and marking the lowest level since May 2006.