UK inflation holds steady at 2.8% amid changing economic forecasts
UK inflation remained steady at 2.8% in May, signaling a softer impact from the Iran war than previously feared. The cost of motor fuels surged 25% year-on-year, yet food prices fell by 0.1%. Analysts have downgraded inflation forecasts, with the potential for interest rate increases now more likely in November.
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 17 Jun 2026, 09:27 UTC · Updated 17 Jun 2026, 09:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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