UK Inflation Holds At 4.5% - UK Economy -
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UK Inflation Holds At 4.5%

UK Inflation Holds At 4.5%

According to the Consumer Price Index (CPI), UK inflation has remained at 4.5% in May after a jump of 0.5% in April.

Fuel and food both increased again this month with a jump of 1.3% from April however the biggest increase year on year has been alchohol and tobacco with an increase of 9.8%.

The bank of England has stated that it expects inflation to reach 5% in the next few months which is above it's 2% target.

 

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