UK inflation rate remains unchanged at 8.7% in May – what it means for your money
THE UK's rate of inflation remained the same in May from the month before, the latest official figures show.
The Consumer Price Index level of inflation was frozen at 8.7%, the same as in April, the Office for National Statistics said.is a measure of how the price of goods and services has changed over the past year. The ONS said rising prices for air travel, recreational and cultural goods and services, second-hand cars caused inflation to rise.
Falling motor fuel meanwhile led to inflation slowing, while food and non-alcoholic drinks rose in May but less than in May 2022, which saw it easing., which was driven by soaring gas and electricity prices.
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