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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