UK inflation has remained 8.7 per cent, which means the costs of goods are still increasing at the same rate as they were in April luciemheath explains what it means for your money
has remained 8.7 per cent, which means the costs of goods are still increasing at the same rate as they were in April.
Economists believed CPI would fall to 8.4 per cent in May, however the figure has remained the same as it was in April, showing the inflation remains stubbornly high in the UK. The latest figures mean British households were paying on average 8.7 per cent per cent more for goods and services, including food, fuel and energy, in May this year than they were during the same month last year.
Despite the slowing rate of inflation, the figure is still high and there is still concern around the costs facing British households, in particular food costs.
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