
Inflation unexpectedly steady as food price rises slow
Financial Times — World—UK inflation unexpectedly holds steady at 2.8% in May
- Financial Times — World — Steady reading removes immediate pressure for rate hike; Bank of England decision due Thursday.
- BBC — ONS data surprised economists expecting uptick … food disinflation led by vegetables and dairy … energy remains volatile factor
- CNBC — Figure beats fears of war-driven price surge; Bank of England due to update monetary policy Thursday.
- The Independent (UK) — Food price rises easing was cited as the key driver of the steady reading