Investors warned as UK jumps from deflation to inflation in a month

Rising fuel costs pushed the consumer prices index (CPI) to 0.1% in May following the -0.1% figure recorded the previous month, according to the Office for National Statistics (ONS). The rise - the first time the measure has risen since October 2014 - was triggered by rising fuel costs, as the effects of the slump in the oil price begin to work themselves out of the UK economy. But experts suggested investors shouldn't be fooled into thinking the rise paints an accurate picture of the state of UK inflation. "If you look in the right places it's perfectly clear that there is an abun...