BUSINESSTHE GUARDIAN WORLD
UK inflation in surprise hold at 2.8% as slowing food prices offset transport costs
UK inflation remained at 2.8% last month, defying expectations of a rise to 3%, as slower food price increases offset higher transport and fuel costs. The Office for National Statistics reported the figure despite concerns about the Middle East conflict's impact on energy prices.
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- Retail inflation at 16-month high of 3.9% as food items get dearer
- Eurozone inflation soars to 3% as Iran war drives up energy prices
- UK inflation rises to 3.3% amid soaring fuel prices driven by Iran war
- UK inflation rises to 3.3% as Middle East conflict pushes up fuel prices
- Inflation spiked to 4.2%, a three-year high, in May
- Inflation spiked to 4.2%, a three-year high, in May