UK inflation holds steady at 2.4% in May

Energy costs rising by less than this time last year

Natalie Kenway
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UK inflation failed to meet analyst espectations in May
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UK inflation failed to meet analyst espectations in May

UK inflation held steady at 2.4% in May, missing analysts estimates of a move higher and further cooling expectations on an interest rate hike from the Bank of England this summer.

The Office for National Statistics reported the Consumer Prices Index remained at 2.4% in May, after falling from 2.5% in April and a year-peak of 3.1% in November 2017, prompting a fall in sterling. The...

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